Bremerton Landing Phase 1 & 2
82 Shovel-Ready Units + 291 Proposed Units Across 4 Kitsap County Parcels
Marketing description
Bremerton Landing is a two-phase multifamily development opportunity in Kitsap County’s largest city, with the potential for 373 total units across four parcels totaling seven acres. Phase 1 consists of 82 shovel-ready, fully permitted units and 2,500 square feet of commercial space on 1.77 acres with roads and utilities already in place, while Phase 2 offers 291 additional proposed units across the neighboring three parcels. Located just 30 minutes from Seattle via the Fast Ferry, the property provides strong commuter access and benefits from Bremerton’s growing, diversified economy. The offering also includes flexible acquisition options and potential future Opportunity Zone eligibility, creating an attractive long-term investment opportunity.
Investment highlights
- Shovel Ready for 82 Units: Phase 1 is fully permitted for 82 units and 2,500 square feet of commercial space on 1.77 acres and is shovel ready, offering a near-term development opportunity with reduced execution risk.
- Infrastructure Already in Place: Roads and utilities are established, helping minimize upfront site work, accelerate the construction timeline, and reduce overall development costs.
- Additional 291-Unit Expansion Opportunity: Phase 2 spans three adjacent parcels across 5.26 acres and provides the opportunity to develop an additional 291 proposed units.
- Flexible Acquisition Structure: Investors can acquire Phase 1 as a standalone shovel-ready development or purchase both Phase 1 and Phase 2 for a larger-scale phased investment opportunity.
- Diverse Unit Mix: Both Phase 1 and Phase 2 include an optimal mix of studios, one-, two-, and three-bedroom units averaging 750 square feet, appealing to a broad renter demographic.
- Opportunity Zone Potential: The property is located on a tract that meets eligibility requirements for the more restrictive Opportunity Zone program; new Opportunity Zones will be identified in July 2026, with the program opening for investment in January 2027.
- Additional Addresses: 4220, 4260, & 4300 Prospector St
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