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
Kim Marvik
  • Phone:(253) 312-0482
  • Email:kmarvik@nai-psp.com
  • Office Name:NAI Puget Sound Properties
  • Office Phone:(253) 383-3100
  • Office Website:
Showing Instructions
  • Call Listing AgentNo
  • Use DiscretionNo
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Price Information
  • Listing Price$ 9,450,000.0
  • $/SF$ 150.0
  • Listing StatusAvailable
  • Days on Market775
  • Asset ClassRetail, Office
  • Terms
Investment Information
  • Investment Type
  • Investment PropYes
  • Gross Income699,000
  • Vacancy Factor %49.00%
  • Operating Expenses0
  • Net Operating Income356,490
  • CAP Rate
Detail Listing Information
  • Min Total SF0
  • Max Total SF0
  • Lease Rate Low$ 00.0
  • Lease Rate High$ 00.0
  • Heat Source
  • Total Units
Utilities
  • Water
  • Electricity
  • Storm Sewer
Retail Information
  • SignageSignage on Building and Freestanding
  • Anchor
Retail Asset Class Info
  • Crane Count
  • Crane Tonnage0
  • Clearance Height Min
  • Clearance Height Max
  • Bay Depth
  • Second Road Front
  • Grade Level Door Count
  • Tennant Improvement Allowance
Building Information
  • 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 Type
  • Property TypeOffice
  • Office TypeMulti-Tenant
  • InvestmentYes
  • Building ClassA
Location
  • CountyKitsap
  • Vicinity
  • Location Description
  • Second Address
  • Cross Street
  • Market AreaBremerton
  • Tax ID #3718-005-001-0302
  • Additional Parcels2411965
  • Zoning
Parking Information
  • # Covered Spaces82
  • # Uncovered Spaces16
  • Total Parking Spots98
  • Parking Ratio1.71
Construction
  • Year Built1965
  • Year Renovated
  • Completion Date
  • Roof Type
  • SprinklersYes
  • Construction Type

7+ Story Office & Parking Garage For Sale

Public Comments

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)

Public Building Comments

This is an excellent building with very competitive rates and is immediately adjacent the new county/city building.

Listing Images