North Callow Retail/Office Building

343 N Callow Ave Bremerton, WA 98312

343 N Callow Ave, Bremerton, WA, 98312
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FOR SALE
Property Type:
Street Retail
Amount:
$380,000
Last Verified:
Jan 24, 2023

Highlights

  • 6.2% CAP Rate with newly signed lease
  • Tenant would sign longer term for new property owner

Description

With a brand-new short-Term Tenant in place, this property is perfect for an owner user to receive some passive income while planning out their use of the space. On the flip side, at a 6.2% CAP, an investor can sit back and receive the rental income from the new Tenant, who is willing to sign a Longer-Term Lease. Either way, the property is smack in the middle of one of the busiest streets in Bremerton, which is in the process of a major economic upswing with the population influx and plans to revitalize much of the Bremerton area. Don’t miss out on a great opportunity in an area that is just starting to live up to its potential.

large amount of foot and drive by traffic


Year Built: 1935
Building Size: 2010sq ft
Lot Size: 0.07 acres

Map of 343 N Callow Ave, Bremerton, WA, 98312

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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:

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  • 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.