Owner/User or Investment Property on High Traffic Intersection #32487727

324-328 N Callow Ave Bremerton, WA 98312

324-328 N Callow Ave, Bremerton, WA, 98312
324-328 N Callow Ave, Bremerton, WA, 98312 324-328 N Callow Ave, Bremerton, WA, 98312 324-328 N Callow Ave, Bremerton, WA, 98312 324-328 N Callow Ave, Bremerton, WA, 98312 324-328 N Callow Ave, Bremerton, WA, 98312 324-328 N Callow Ave, Bremerton, WA, 98312 324-328 N Callow Ave, Bremerton, WA, 98312
FOR SALE
Property Type:
Street Retail
Amount:
$499,000
Last Verified:
Nov 03, 2022

Highlights

  • Minimal Expenses, New Leases for Barber and Vape Shop, Double digit proforma CAP rate

Description

Have a vision of starting your own commissary kitchen? What about a restaurant or pub? If you have, then this property might be perfect for you. With approximately 4,800 sqft of retail/FLEX space open for improvements, and two other two Tenants, a vape shop and barber shop, with brand new 3-year Gross Leases, a new owner/user can renovate the vacant unit while absorbing passive income. Better yet, if a new Tenant were found to take over the vacant space, a property owner could possibly achieve a CAP rate in the DOUBLE DIGITS. The two established Tenants are responsible for their own utilities. The location has top notch visibility and with the unprecedented growth in Kitsap County happening right now, the income/property value has unlimited potential.

Middle of N Callow Ave in Bremerton.


Year Built: 1939
Building Size: 8134sq ft
Lot Size: 0.18 acres

Map of 324-328 N Callow Ave, Bremerton, WA, 98312

Presented by:

Request additional information


Send a message
Share this Listing

Not Interested In This Property? TheBrokerList.com Can Help
Looking for an office, retail space, warehouse or anything else?
Contact a Licensed Member Today

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.