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31568223
31568224

4195 Kitsap Way, Bremerton, WA 98312 For Sale

RV
WA 135292
Northmarq - Seattle
MB
WA 21032705
Northmarq - Seattle
Listed by Northmarq - Seattle
$1,895,000
101 days on market
Updated 78 days ago

Oyster Bay Plaza

Details
APN 152401-3-196-2008
Property Type Retail
Sub Type Shopping Center, Storefront
Square Footage 8,800
Net Rentable (SqFt) 8,800
Units 3
Cap Rate 6.83%
NOI $129,505
Occupancy 100%
Tenancy Multi
Lease Type NNN
Price per SqFt $215
Broker Co-Op Yes
Year Built 1972
Buildings 1
Stories 1
Lot Size (SqFt) 32,670
Zoning GC - General Commercial
Parking Spaces 34 spaces
Parking per 1,000 SqFt 3.86
Investment Type Stabilized

FULLY LEASED RETAIL STRIP CENTER

Marketing description

Northmarq presents Oyster Bay Plaza, a fully stabilized retail investment opportunity strategically positioned along one of the primary commercial corridors in Bremerton. This high visibility asset benefits from strong daily traffic counts and seamless connectivity between Port Orchard and the greater Kitsap Peninsula, placing it directly in the path of consistent commuter and consumer flow. Anchored by a diverse mix of service-oriented and daily-needs tenants, the property delivers durable in-place cash flow with minimal near-term rollover, offering investors immediate yield and operational stability.

Oyster Bay Plaza is further supported by Bremerton’s expanding population base and its proximity to Naval Base Kitsap, one of the region’s largest employment drivers, ensuring a reliable and recurring customer base. This offering represents a rare opportunity to acquire a stabilized, income-producing retail strip in one of the Peninsula’s most supply-constrained and steadily growing submarkets.

Investment highlights

  • HIGH-VISIBILITY LOCATION WITH 30K+ VPD ON PRIMARY RETAIL CORRIDOR
  • NATIONAL CREDIT ANCHOR WITH PROVEN RETAIL DEMAND
  • SUPPLY-CONSTRAINED RETAIL SUBMARKET WITH LIMITED NEW DEVELOPMENT
  • STRATEGIC POSITION NEAR MAJOR EMPLOYMENT HUB DRIVING DAILY DEMAND
  • STRONG DEMOGRAPHIC PROFILE WITH GROWING POPULATION BASE
  • IDEAL FOR SERVICE & DAILY-NEEDS RETAIL

Listing Contacts

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

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$129,505.00
$10,792.08/mo

Valuation Metrics

0
DSCR
6.83%
Cap Rate
6.83%
ROI

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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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