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
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12332-50-00059 - 1.3 Acres
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12332-50-00060 - 0.21 Acres
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12332-50-00062 - 1.52 Acres
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12332-50-00063 - 0.22 Acres
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12332-50-00064 - .074 Acres
The Title for this property is open at Attorney's Title of Kitsap - File #122990.
Highlights
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3.99 acres of Prime Investment Property on busy Hwy 3
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Thousands of cars drive by daily
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Cap Rate: 8.3%
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Fully Leased (6 tenants)
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Gross Revenue: $141,230
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Expenses: $17,500
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NOI: $123,730
Location