Awesome Investment Opportunity on

State Hwy 3 with 8.3% Cap

$1,498,000

Belfair, WA

Property Description

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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.

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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

• 12332-50-00060 - 0.21 Acres

• 12332-50-00062 - 1.52 Acres

• 12332-50-00063 - 0.22 Acres

• 12332-50-00064 - .074 Acres

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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

• 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