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31567923
31567924

5971 WA-303, Bremerton, WA 98311

RV
WA 135292
Northmarq - Seattle
MB
WA 21032705
Northmarq - Seattle
Listed by Northmarq - Seattle
$1,530,000
79 days on market
Updated 56 days ago

5971 St Hwy 303 NE

Details
APN 352501-1-072-2006
Property Type Retail
Sub Type Shopping Center, Storefront
Square Footage 10,004
Net Rentable (SqFt) 10,004
Units 4
Tenancy Multi
Lease Type NNN
Pro-Forma Cap Rate 9.23%
Price per SqFt $153
Broker Co-Op Yes
Year Built 1994
Buildings 1
Stories 1
Lot Size (SqFt) 40,075
Zoning C- Commercial
Parking Spaces 44 spaces
Parking Per SqFt 4.40
Investment Type Value Add
Occupancy Date 04/08/2026
Ground Lease No

OWNER USER OR VALUE-ADD INVESTMENT

Marketing description

Northmarq presents a rare opportunity to acquire a highly visible retail asset located along the heavily trafficked State Highway 303 NE corridor in Bremerton, Washington. The property is strategically positioned within the city’s dominant retail hub, benefiting from immediate proximity to major anchors including Walmart Supercenter and Safeway. This prime location offers consistent consumer draw, driven by a concentration of national retailers and daily-needs shopping that fuels repeat traffic and tenant success.

Bremerton continues to experience significant population growth fueled by regional in-migration and its proximity to major employment drivers, yet new retail development remains extremely limited. The offering represents a compelling opportunity to secure a foothold in a high-growth, supply-constrained market, with strong fundamentals supporting long-term rent growth, tenant stability, and asset appreciation.

Investment highlights

  • DOMINANT RETAIL CORRIDOR EXPOSURE
  • STRONG CONSUMER TRAFFIC & ACCESSIBILITY
  • LOCATED WITHIN BREMERTON’S PRIMARY RETAIL HUB
  • FLEXIBLE RETAIL LAYOUT POTENTIAL
  • DENSE & GROWING TRADE AREA
  • HIGH BARRIERS TO ENTRY FOR COMPETING RETAIL PRODUCT

Listing Contacts

RV
WA 135292
Northmarq - Seattle
MB
WA 21032705
Northmarq - Seattle
Listed by Northmarq - Seattle

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Zoning

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C CommercialGeneral CommercialCommercial
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Last updated Feb 3, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
RJ Vara
License
135292
Brokerage
Northmarq
Brokerage Phone
2068443505
Title
Real Estate Broker
Brokerage Address
130 Nickerson Street
Name
Mike Babicz
License
21032705
Brokerage Phone
4254499284
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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