3720 Harborview DrGig Harbor, WA 98332

Property Details for 3720 Harborview Dr

Year built

1920

Construction

WOOD FRAME

Lot size

0.49 AC

Property size (Sq ft)

6,205 SF

Zone code

R-1

Property type

Retail properties

Property subtype

Auto shops

APN

221053089

APU

221053089

Description

This exceptional 7,645 square foot retail property, located at 3720 Harborview Drive in Gig Harbor, Washington, presents a unique investment opportunity. Situated on a 0.47-acre lot (APN 0221053089), this prominent parcel is zoned R-1, offering significant potential for a variety of commercial uses. The property boasts a prime location with consistent foot traffic from both local residents and tourists drawn to the area's vibrant shops, restaurants, and art galleries. The picturesque setting enhances the property's appeal, attracting a diverse clientele and providing a strong connection to the community's distinctive character. The asking price is $1,799,000. This established location offers immediate access to a thriving customer base, making it an ideal investment for businesses seeking high visibility and a strong local presence. The property's size and zoning provide flexibility for various commercial ventures, capitalizing on the area's unique charm and high tourist traffic. This is a rare opportunity to acquire a well-situated retail space in a desirable waterfront community. The property's prime location and substantial square footage make it an attractive proposition for discerning investors seeking a strong return on investment in a thriving market. Don't miss this chance to secure a piece of Gig Harbor's vibrant commercial landscape.

• CAP approach

  CAP return

  Valuation

  6%

  $2,468,260

  6.5%

  $2,278,394

  7%

  $2,115,651

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,193,172

  Geo Method

  $3,011,296

• Alternative Use

  Use

  Valuation

  Residential

  $1,921,910

  Hospitality

  $1,760,460

  Educational

  $1,464,682

  Medical

  $1,515,054

  Retail

  $2,278,394

Location Insight

City

Gig Harbor

County

Pierce

State

Washington

Latitude

47.3332

Longitude

-122.589

CBSA code

42660

CBSA name

SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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