1353 Olney AvePort Orchard, WA 98366

Property Details for 1353 Olney Ave

Year built

1987

Lot size

8.24 AC

Property size (Sq ft)

55,460 SF

Zone code

CITY

Property type

Retail properties

Property subtype

Outlet malls

APN

302402-3-047-2009

APU

30240230472009

Description

This exceptional retail property in Port Orchard, Washington, offers a prime opportunity for businesses seeking high-visibility locations. Situated at 1353 Olney Ave SE, 98366, this mixed-use co-tenancy boasts a total of 26,181 square feet, currently entirely vacant and available for lease. The building is ideally suited for multiple tenants, with spaces ranging from a minimum of 1,346 square feet to a maximum contiguous space of 19,378 square feet, providing flexibility for various business needs. Located in Kitsap County, this property benefits from excellent visibility and accessibility, ensuring high foot traffic and potential customer reach. The property's strategic location within Port Orchard offers a thriving market with a strong customer base. This is an exceptional opportunity to establish or expand your business in a dynamic and growing community. The property is classified as retail and offers significant potential for a variety of retail uses. The entire 26,181 square feet is currently available, presenting a unique chance to secure a substantial retail presence in a desirable location. Contact us today to learn more about leasing opportunities and explore the potential of this exceptional retail space.

• CAP approach

  CAP return

  Valuation

  6%

  $22,061,190

  6.5%

  $20,364,176

  7%

  $18,909,592

• Comparable approach

  Method

  Valuation

  Relative Method

  $37,478,380

  Geo Method

  $26,914,826

• Alternative Use

  Use

  Valuation

  Residential

  $17,177,944

  Hospitality

  $15,734,904

  Educational

  $13,091,256

  Medical

  $13,541,484

  Retail

  $20,364,176

Location Insight

City

Port Orchard

County

Kitsap

State

Washington

Latitude

47.5358

Longitude

-122.608

CBSA code

14740

CBSA name

BREMERTON-SILVERDALE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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