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Bethel Center 1541 SE Piperberry Way 8,750 SF 100% Leased Retail Building Port Orchard, WA 98366 $1,500,000 ($171.43/SF)
Investment Highlights
- Average in-place rents of approximately $10.63 PSF gross, are significantly below comparable market asking rents in Port Orchard
- Port Orchard serves as a key residential and commuter market for both the Seattle and Tacoma metro areas
- Offered at an attractive basis relative to current construction costs
- Positioned along Bethel Road SE, Port Orchard’s primary commercial corridor, with strong visibility, monument signage, and convenient access
- Surrounded by established residential communities, schools, and daily-needs retail, the property benefits from consistent consumer traffic
Executive Summary
Kidder Mathews is pleased to present the opportunity to acquire Bethel Center, a multi-tenant leased investment in Port Orchard, Washington. Port Orchard is easily accessible from Seattle and Tacoma and serves as an access community for both areas.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
8,750 SF
Building Class
B
Year Built
2005
Price
$1,500,000
Price Per SF
$171.43
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.89
Lot Size
0.23 AC
Opportunity Zone
Yes
Zoning
HTC
Parking
20 Spaces (2.29 Spaces per 1,000 SF Leased)
Frontage
155’ on Bethel Rd
Amenities
- Bus Line
- Pylon Sign
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Fab U Look
- Services
- -
- -
- -
- Luxury Nails & Spa
- Services
- -
- -
- -
- Simon Pan Asian Bistro
- Retailer
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Fab U Look | Services | - | - | - | ||
| Luxury Nails & Spa | Services | - | - | - | ||
| Simon Pan Asian Bistro | Retailer | - | - | - |
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 022301-4-109-2008 | Improvements Assessment | $921,470 |
| Land Assessment | $368,150 | Total Assessment | $1,289,620 |
Property Taxes
Parcel Number
022301-4-109-2008
Land Assessment
$368,150
Improvements Assessment
$921,470
Total Assessment
$1,289,620
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Bethel Center | 1541 SE Piperberry Way
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