939 Callow Ave Bremerton, WA 98312-3806

This exceptional 1.38-acre property in Bremerton, WA, presents a compelling investment opportunity. Located at 939 N Callow Ave, 98312, this multi-tenant retail property boasts a 10,800 square foot building on two floors, currently 50% occupied. The building features a loading dock, large display windows, three upper-level entrances, an interior stairwell, and a large bay door. The property includes three parcels with DCC zoning (District Center Core), allowing for diverse development options. Situated across from a major grocery store and less than a mile from the ferry terminal, this location benefits from high visibility and accessibility. The existing building, constructed in 1954, offers immediate income potential, while the flexible zoning and ample lot size allow for significant expansion or redevelopment. The property's proximity to the Puget Sound Naval Shipyard and its ongoing projects makes it particularly attractive, with potential for residential development (condominiums) above existing retail space. The asking price is $1,450,000, with a price per square foot of $134.26. The current lease is a NNN (Net, Net, Net) with a remaining term of 12 years. Individual parcels are available for sale separately from the building. This is an ideal opportunity for investors seeking strong returns in a rapidly growing area.