1.11 AC of Rare Land on Silverdale way!

9490 Silverdale Way NW Bremerton, WA 98311

FOR SALE
Property Type:
Free Standing Building
Amount:
$2,500,000
Last Verified:
Mar 23, 2021

Highlights

  • First Time on the Market
  • 1.11 Acre Lot
  • Zoned Region Center (10-30DU/AC) - usages are endless
  • 9,975 sq/ft Bldg with 2 levels
  • Upper Floor - 1,214 sq/ft
  • Upper Floor Mezzanine - 750 sq/ft
  • Lower Floor - 8,761 sq/ft
  • Paved & on Main St.
  • Thousands of vehicles drive by daily

Description

This is the largest single developable tax parcel on Silverdale Way at 48,352 sq feet of land and almost 10,000 square feet of building that is now for sale. This property is priced per square foot at comparable sold properties in the local market. It is zoned Region Center (10-30DU/AC) usages are endless.

In 1954, Silverdale was a one lane road with farms and pastureland; flash forward to 2019, we have two Starbucks within 8 blocks of each other, a mall, multiple retail centers, numerous hotels, independent and chain restaurants and the list goes on. Silverdale, like many small towns went and grew up overnight. There are few pieces of land, especially on the main highway, in the core that are still available. This piece is a prime example, at 1.11 acres, it borders a three-story commercial building, a hotel and a strip mall and now it is on the market for the first time in years.

The building was originally the town bank that includes a gorgeous safe on the inside still, that is worth touring just buy itself. The property boasts a water view from the second floor and even has access directly to the waterfront.

We would love to show the property, please schedule an appointment with listing broker, 24 hours’ notice required, no drop ins. Appointments must be Tuesday through Saturday and accompanied by the listing broker. Please call now for more information.

This is the largest single developable tax parcel on Silverdale Way at 48,352 sq feet of land and almost 10,000 square feet of building that is now for sale. This property is priced per square foot at comparable sold properties in the local market. It is zoned Region Center (10-30DU/AC) usages are endless.


Year Built: 1954
Building Size: 9975sq ft
Lot Size: 1.11 acres

Map of 9490 Silverdale Way NW, Bremerton, WA, 98311

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.