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Redevelopment Opportunity On Wheaton Way, 3890 Wheaton Way 2,428 SF Retail Building Bremerton, WA 98310 $3,200,000 ($1,317.96/SF)



INVESTMENT HIGHLIGHTS
- High Visibilty Area
- Can remain existing car dealership or redevelopment opportunity
- Access property from Wheaton Way
EXECUTIVE SUMMARY
Owner Financing Available! The car dealership property, nestled on the corner of Wheaton Way and Ivy holds a unique status within the community, having been grandfathered into the zoning regulations. With its roots tracing back, the property predates the current zoning ordinances, lending it a special exemption from certain restrictions. This status acknowledges its longstanding contribution to the local economy and identity.
The sale of the 83,000 square foot property presents an exciting opportunity for potential redevelopment. With its expansive size and versatile layout, the property holds promise for a wide range of transformative projects. Developers may envision a variety of possibilities, from creating a mixed-use complex with retail, residential, and commercial spaces to repurposing the site for a single large-scale venture. Its location could further enhance its appeal, offering accessibility and visibility that could attract both businesses and residents. As stakeholders explore the potential of this property, they have the chance to contribute to the evolution of the surrounding community, breathing new life into the area and unlocking its full potential for economic and social growth.
The sale of the 83,000 square foot property presents an exciting opportunity for potential redevelopment. With its expansive size and versatile layout, the property holds promise for a wide range of transformative projects. Developers may envision a variety of possibilities, from creating a mixed-use complex with retail, residential, and commercial spaces to repurposing the site for a single large-scale venture. Its location could further enhance its appeal, offering accessibility and visibility that could attract both businesses and residents. As stakeholders explore the potential of this property, they have the chance to contribute to the evolution of the surrounding community, breathing new life into the area and unlocking its full potential for economic and social growth.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Auto Dealership
Building Size
2,428 SF
Building Class
C
Year Built
1972
Price
$3,200,000
Price Per SF
$1,317.96
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
1.88 AC
Zoning
CITY - General Commercial
Parking
52 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
54’ on Wheaton Way
AMENITIES
- Corner Lot
- Dedicated Turn Lane
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Affordable Used Cars And Marine
- Retailer
- -
- -
- May 2028
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Affordable Used Cars And Marine | Retailer | - | - | May 2028 |
Walk Score®
Very Walkable (77)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 012401-2-192-2000 | Improvements Assessment | $157,310 |
| Land Assessment | $252,000 | Total Assessment | $409,310 |
PROPERTY TAXES
Parcel Number
012401-2-192-2000
Land Assessment
$252,000
Improvements Assessment
$157,310
Total Assessment
$409,310
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Redevelopment Opportunity On Wheaton Way, | 3890 Wheaton Way
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