Port Orchard, WA 98366 821 Bay St

$700,000

Pending
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Presented By: G Anderson Group LLC and NWMLS
  • Northwest Multiple Listing Service (NWMLS) - 21 - WA
  • MLS# 2322533
  • 12/20/2024
  • Get pre-approved
  • Request Tour
  • Request Info
Disclaimer: The information contained in this listing has not been verified by kvCORE WordPress Staging and should be verified by the buyer.

Home Details

This property is a passive income lover’s dream. Three residential Tenants make up the top floor and three commercial Tenants make up the bottom. Renegotiations can be discussed regarding potential longer-Term leases for the commercial Tenants and the residential Tenants consist of your typical 12 month Terms. Additionally, a new owner would receive income from 6 parking stalls at the rear of the property. Yearly expenses are kept low, which helps yield a current CAP rate over 8%. With all of the improvements coming to downtown Port Orchard over the next 5 years, a new owner would have the ability to receive the income from a fully leased out, prime location property, while potentially achieving mid to high levels of appreciation.
Presented By: G Anderson Group LLC and NWMLS

Interior Features for 821 Bay St

Bedrooms

Bedrooms Upper

Bathrooms

Baths Full Upper0
Baths Half Upper
Baths Three Quarter Upper

Other Interior Features

Air Conditioning Y/NYes
Fireplace Y/NNo
FlooringHardwood
Heating Y/NYes
Power Production TypeElectric, Natural Gas
Total Fireplaces

General for 821 Bay St

Assoc Fee Paid PerNot Applicable
Building Area UnitsSquare Feet
Building FeaturesStorage
Cap Rate8.33
Carport Y/NNo
CityPort Orchard
CoolingDuctless
CountyKitsap
DirectionsFrom Silverdale-WA-3S through Gorst. Left lane to WA-166E toward Port Orchard for 3 miles onto Bay St. Building on the left.
HOANo
HOA Fee$
HeatingDuctless
Insurance Expense6000
Listing TermsCash Out
Lot Size Square Feet9583
Lot Size UnitsSquare Feet
MLS Area143 – Port Orchard
ModificationTimestamp2025-09-26T17:33:11.141Z
NWM_ShowMapLinkY
Net Operating Income58311
Number Of Units Total
PossessionClosing
Possible UseBusiness, Commercial, Residential, Retail
Property ConditionFair
Property Style60 – Comm Bldg Und 10K
Property SubtypeCommercial Industrial
Property TypeCommercial Sale
Public RemarksThis property is a passive income lover’s dream. Three residential Tenants make up the top floor and three commercial Tenants make up the bottom. Renegotiations can be discussed regarding potential l
RoofComposition
Senior Community Y/NNo
SewerSewer Connected
Special Listing ConditionsNone
Standard StatusPending
StatusPending
Structure TypeUnspecified
Subdivision NamePort Orchard
Tax Annual Amount5640
Water CompanyCity of Port Orchard
Water Sewer Garbage9600
Waterfront FeaturesSound
Year Built1900
Zoning DescriptionBusiness, Commercial, Residential, Retail

Exterior for 821 Bay St

Building Area Total
Exterior AmenitiesWood
Foundation DetailsPillar/Post/Pier
Irrigation Water Rights Y/NNo
Lot Size Acres0.22
Parking Uncovered Total12
Total Parking12
Water SourcePublic
Waterfront Y/NYes

Additional Details

Price History

Josh QA1

REALTOR ® SRES ®
Price $700,000
MLS#2322533
List Date 12/20/2024
Property Type Pending
Phone 925.123.4567
Get pre-approved
Request Tour
Request Info
Visit My Website

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