Prepared by https://cbadev.azurewebsites.net
500 Pacific Avenue
500 Pacific Ave Bremerton WA 98337
Listing #: 665841 | Status: Available | Last Modified: 6/29/2023
| Showing Instructions | |
|---|---|
| Call Listing Agent | No |
| Use Discretion | No |
| Investment Information | |
|---|---|
| Investment Prop | Yes |
| Gross Income | 699,000 |
| Vacancy Factor % | 49.00% |
| Operating Expenses | 0 |
| Net Operating Income | 356,490 |
| Detail Listing Information | |
|---|---|
| Min Total SF | 0 SF |
| Max Total SF | 0 SF |
| Lease Rate Low | $ 0.00 |
| Lease Rate High | $ 0.00 |
| Retail Information | |
|---|---|
| Signage | Signage on Building and Freestanding |
| Retail Asset Class Info | |
|---|---|
| Crane Tonnage | 0 |
| Building Information | |
|---|---|
| Building Status | Existing |
| # of Buildings | 1 |
| # of Floors | 7 |
| # of Elevators | 1 |
| A/C | Yes |
| Total Building SF | 63,000 SF |
| Net Rentable Area | 57,874 SF |
| Total Office SF | 56,874 SF |
| Largest Contiguous SF | 0 SF |
| Lot SF | 64,992 SF |
| Acres | 1.49 |
| Year Built | 1965 |
| Sprinklers | Yes |
| Property Type | |
|---|---|
| Property Type | Office |
| Office Type | Multi-Tenant |
| Investment | Yes |
| Building Class | A |
| Location | |
|---|---|
| County | Kitsap |
| Market Area | Bremerton |
| Tax ID # | 3718-005-001-0302 |
| Parking Information | |
|---|---|
| #Covered Spaces | 82 |
| # Uncovered Spaces | 16 |
| Total Parking Spots | 98 |
| Parking Ratio | 1.71 |
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.
500 Pacific Avenue
500 Pacific Ave Bremerton WA 98337
Listing #: 665841 | Status: Available | Listing Date: 10/11/2022 | Last Modified: 6/29/2023 | Email Listing
For Sale
500 Pacific Avenue
