500 Pacific Ave
Bremerton WA 98337
500 Pacific Avenue
500 Pacific Ave Bremerton WA 98337
Listing #: 665841 | Status: Available | Last Modified: 6/29/2023 |
For Sale
- Phone:(253) 312-0482
- Email:kmarvik@nai-psp.com
- Office Name:NAI Puget Sound Properties
- Office Phone:(253) 383-3100
- Office Website:
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 9,450,000.0
- $/SF$ 150.0
- Listing StatusAvailable
- Days on Market775
- Asset ClassRetail, Office
- Terms
- Investment Type
- Investment PropYes
- Gross Income699,000
- Vacancy Factor %49.00%
- Operating Expenses0
- Net Operating Income356,490
- CAP Rate
- Min Total SF0
- Max Total SF0
- Lease Rate Low$ 00.0
- Lease Rate High$ 00.0
- Heat Source
- Total Units
- Water
- Electricity
- Storm Sewer
- SignageSignage on Building and Freestanding
- Anchor
- Crane Count
- Crane Tonnage0
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Second Road Front
- Grade Level Door Count
- Tennant Improvement Allowance
- Building StatusExisting
- # of Buildings1
- # of Floors7
- # of Units
- # of Elevators1
- A/CYes
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Total Building SF63000
- Net Rentable Area57874
- Total Office SF56874
- Largest Contiguous SF
- Lot SF64992
- Acres1.49
- Property TypeOffice
- Office TypeMulti-Tenant
- InvestmentYes
- Building ClassA
- CountyKitsap
- Vicinity
- Location Description
- Second Address
- Cross Street
- Market AreaBremerton
- Tax ID #3718-005-001-0302
- Additional Parcels2411965
- Zoning
- # Covered Spaces82
- # Uncovered Spaces16
- Total Parking Spots98
- Parking Ratio1.71
- Year Built1965
- Year Renovated
- Completion Date
- Roof Type
- SprinklersYes
- Construction Type
7+ Story Office & Parking Garage For Sale
56,874 Rentable SF, 7+ story, multi-tenant office/retail building on 16,553 SF with 16-parking stall lot plus 32,640 SF, 82-stall condominium parking garage Ideal for Owner/User or Value-Add Investor Opportunity Current Scheduled Income: $699K (51% occupancy) Prominent, corner location at 6th Street and Pacific Avenue in Bremerton CBD Located in Opportunity Zone, HUBZONE; Downtown Subarea Plan (DSAP) zoning 1964 construction; with 2019 $3+million major exterior/interior renovation Stunning Water and Mountain Views from numerous decks Near Puget Sound Naval Shipyard, adjacent to Norm Dicks Government Center and a short distance from Bremerton-Seattle Ferries & walk-on fast ferry (28-minute crossing time) Asking Price (recently reduced): $9,450,000 ($166.16/RSF w/ garage included)
This is an excellent building with very competitive rates and is immediately adjacent the new county/city building.