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821-825 Bay St 4,464 SF 100% Leased Retail Building Port Orchard, WA 98366 $670,000 ($150.09/SF)
INVESTMENT HIGHLIGHTS
- Walking distance to restaurants, bars, activities in downtown Port Orchard
- Tenured Tenants and desirable location
- Heavy vehicle and walking traffic location
EXECUTIVE SUMMARY
MOTIVATED SELLER. This property is a passive income lover's dream. Three residential Tenants make up the top floor and three commercial Tenants make up the bottom. Renegotiations can be discussed regarding potential longer-Term leases for the commercial Tenants and the residential Tenants consist of your typical 12-month Terms. Additionally, a new owner would receive income from 6 parking stalls at the rear of the property. Yearly expenses are kept low, which helps yield a current CAP rate of 7.3%. With all of the improvements coming to downtown Port Orchard over the next 5 years, a new owner would have the ability to receive the income from a fully leased out, prime location property, while potentially achieving mid to high levels of appreciation due to the current and projected growth of the area. Bay St properties rarely come to the market, especially those that are 100% Leased with tenured businesses and residential tenants. This is a must see, scenic waterfront opportunity, in one of the 10 fastest growing cities in Kitsap County. Don't miss out.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
4,464 SF
Building Class
C
Year Built
1900
Price
$670,000
Price Per SF
$150.09
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.47
Lot Size
0.22 AC
Opportunity Zone
Yes
Zoning
CITY - Downtown Mixed Use
Parking
6 Spaces (1.34 Spaces per 1,000 SF Leased)
Frontage
74’ on Bay St
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 4053-013-007-00-04 | Total Assessment | $669,740 (2026) |
| Land Assessment | $107,480 (2026) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $562,260 (2026) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
4053-013-007-00-04
Land Assessment
$107,480 (2026)
Improvements Assessment
$562,260 (2026)
Total Assessment
$669,740 (2026)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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821-825 Bay St
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