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615-619 4th St 6,520 SF 100% Leased Retail Building Bremerton, WA 98337 $765,000 ($117.33/SF)
Investment Highlights
- Value-Add Opportunity
- Ability to Expand 2nd Floor
- 12-Minutes to Hwy 16 and less than 10-minutes to Hwy 3
- Designated Off-Street Parking
- Updated with Modern Electrical Panels
- 10-minute walk to the Seattle Ferry and PSNS (Puget Sound Naval Shipyard)
Executive Summary
Downtown Bremerton mixed-use that checks the boxes for either an owner-user or as an investor looking upside, or both. 615 4th St features ±4,200 SF on the main level with a large open area plus three separate sections, 3 bathrooms, a kitchen and the ability to split into two spaces—ideal for a showroom, studio, service business, or creative HQ. A ±1,200 SF basement as a storage/ utility space you can use or monetize, while the ±1,120 SF second-floor apartment delivers built-in income at $1,300/month. There are 8 on-site parking stalls, a real advantage in downtown Bremerton. Best of all, the roof’s structural capacity supports expanding the second floor for up to three additional residential units without having to add sprinklers, creating a less costly path to scale future NOI through additional residential units.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
6,520 SF
Building Class
C
Year Built
1937
Price
$765,000
Price Per SF
$117.33
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.15
Lot Size
0.13 AC
Opportunity Zone
Yes
Zoning
Bus Core
Parking
3 Spaces (0.46 Spaces per 1,000 SF Leased)
Frontage
55’ on 4th St.
Amenities
- Controlled Access
- Storage Space
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Apartment Unit
- -
- 1,120 SF
- $1.16
- -
- -
- Mystic Movement
- -
- 5,400 SF
- $0.50
- Plus Utilities
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Apartment Unit | - | 1,120 SF | $1.16 | - | - | |
| Mystic Movement | - | 5,400 SF | $0.50 | Plus Utilities | - |
Walk Score®
Very Walkable (87)
Nearby Major Retailers
Property Taxes
| Parcel Number | 3718-014-039-00-03 | Improvements Assessment | $269,400 |
| Land Assessment | $95,160 | Total Assessment | $364,560 |
Property Taxes
Parcel Number
3718-014-039-00-03
Land Assessment
$95,160
Improvements Assessment
$269,400
Total Assessment
$364,560
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615-619 4th St
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