Awesome Investment Opportunity on

State Hwy 3 with 8.3% Cap

$1,498,000

Belfair, WA

Property Description

3.99 Acres is now available along the only main thoroughfare in Belfair! This income generating property is comprised of 5 stand-alone buildings across 5 parcels.

 

Occupancy has been consistent throughout the tenure of this property; vacancies have been nonexistent. Currently there are 6 tenants with the potential for revenue growth as several of the leases are under market rate.

 

Property is located in the generous UGA Mixed Use zone, which permits a wide array of uses from hotels to retail.

It is a unique opportunity to own a property that cash flows that also has growth potential both with rents and future development opportunity. As Belfair continues to expand own a key piece of property on Hwy 3.

** Contact us for more information and please do not disturb tenants **
 

Parcel Details

  • 12332-50-00059 - 1.3 Acres

  • 12332-50-00060 - 0.21 Acres

  • 12332-50-00062 - 1.52 Acres

  • 12332-50-00063 - 0.22 Acres

  • 12332-50-00064 - .074 Acres

The Title for this property is open at Attorney's Title of Kitsap - File  #122990.

Highlights

  • 3.99 acres of Prime Investment Property on busy Hwy 3

  • Thousands of cars drive by daily

  • Cap Rate: 8.3%

  • Fully Leased (6 tenants)

  • Gross Revenue: $141,230

  • Expenses: $17,500

  • NOI: $123,730

Location

Contact us to find out more

Each Office Is Independently Owned and Operated.
© 2020 by The Wynn Group 

A division of KW Commercial

11505 Burnham Dr NW, Suite 201

Gig Harbor, WA 98332