NEW!! Investment Opportunity on

State Hwy 3

$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 #'s: 12332-50-00059

                  12332-50-00060

                  12332-50-00062

                  12332-50-00063

                  12332-50-00064

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

  • Fully Leased (6 tenants)

  • Gross Revenue: $117,800

  • Expenses: $18,502

  • NOI: $99,298

  • Training: 2 weeks

  • Reason for Selling: Moving onto other business ventures.

Location

Contact us to find out more

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A division of KW Commercial

11505 Burnham Dr NW, Suite 201

Gig Harbor, WA 98332