41 Byerly DrBelfair, WA 98528

Property Details for 41 Byerly Dr

Year built

1970

Construction

POLE FRAME

Lot size

0.54 AC

Property size (Sq ft)

2,760 SF

Property type

Retail properties

Property subtype

Retail space

APN

12332-51-00924

APU

123325100924

Description

This exceptional .54-acre commercial property in Belfair, WA presents a unique investment opportunity. Located in the heart of Belfair, this site offers unparalleled convenience and breathtaking views of the Hood Canal. The property includes a substantial 2760 square foot building, a charming old red barn, which presents a unique opportunity for repurposing its old-growth timbers. The barn's existing structure adds significant value and character to the property. Utilities are already in place, simplifying the development process and reducing initial investment costs. The elevated position of the property provides stunning views from a 45-foot high point, a significant advantage for any business seeking to attract customers. The versatile zoning allows for a variety of commercial uses, including office space, retail establishments, or even a place of worship. This property is ideally suited for an entrepreneur seeking a high-visibility location with significant development potential. The combination of prime location, existing infrastructure, and unique building features makes this a truly exceptional investment opportunity in a rapidly growing area. The property's proximity to the Hood Canal adds to its appeal and provides a picturesque setting for any business. Don't miss this chance to acquire a piece of Belfair's vibrant commercial landscape.

• CAP approach

  CAP return

  Valuation

  6%

  $1,097,888

  6.5%

  $1,013,435

  7%

  $941,047

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,865,134

  Geo Method

  $1,339,432

• Alternative Use

  Use

  Valuation

  Residential

  $854,871

  Hospitality

  $783,057

  Educational

  $651,494

  Medical

  $673,900

  Retail

  $1,013,435

Location Insight

City

Belfair

County

Mason

State

Washington

Latitude

47.442

Longitude

-122.832

CBSA code

43220

CBSA name

SHELTON, WA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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