939 Callow AveBremerton, WA 98312

For Sale
$1,450,000

Prime Bremerton location, high potential.

Overview

Added:
Dec 11, 2024
Days on market:
93
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.

Highlights

  • $1,450,000 asking price for a 10,800 SF retail property.
  • 1.38-acre lot with DCC zoning in Bremerton, WA.
  • Existing 10,800 SF, two-story building with one dock door and one bay door.
  • Multi-tenant property with 50% occupancy and a 12-year remaining lease term (NNN).
  • Three separate parcels included in the sale.

Property Details for 939 Callow Ave

Property type
Other retail properties, Individual retail properties
Square Feet
10,800 SF
Year Built
1954
Buildings
1
Stories
2
Lot Size (sq. ft)
60,113 SF

Location Insight

City
Bremerton
County
Kitsap
State
Washington
Latitude
47.5706653
Longitude
-122.653559
939 Callow Ave, Bremerton, Washington

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939 Callow Ave
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