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34531046
34531145

1130 Bethel Ave, Port Orchard, WA 98366 For Sale

BR
WA 24023184
Coldwell Banker Park Shore
Listed by Coldwell Banker Park Shore
$1,480,000
0 days on market
Updated 0 days ago
Opportunity zone

Prominent Commercial Property on Bethel Avenue

Details
Property Type Mixed Use
Square Footage 4,618
Tenancy Vacant
Class B
Year Built 1996
Year Renovated 2016
Buildings 1
Acreage 1.160
Zoning Commercial Mixed Use
Parking Spaces 18 spaces
Parking per 1,000 SqFt 3.90
Investment Type Owner/User
Ground Lease No

Mixed Use | 4,618 SqFt

Marketing description

Prominent Commercial Property on Bethel Avenue

This is a landmark property people slow down for and remember.

Its distinctive Victorian-style architecture — steep rooflines, intricate trim, and a silhouette unlike anything nearby — has made it a recognizable presence in Port Orchard for years. It is more than a building; it is an address that gives a business identity, character, and lasting visibility.

The highly visible, standalone 4,618 SF building is located within the City of Port Orchard's Commercial Mixed Use zoning district and lies within a designated Qualified Opportunity Zone. Renovated in 2016, the property offers ample on-site parking, an existing commercial kitchen, a fire sprinkler system installed in 2021, multiple private offices, and flexible open-use areas. Its adaptable layout supports a wide range of uses including restaurant, catering, or food-service concepts, professional services, education, healthcare, nonprofit, administrative, and specialty commercial operations. The HVAC system was serviced recently, and the roof was maintained in 2025.

The current occupant is affiliated with ownership and will vacate following the sale. The seller requests a 40-day post-closing period to complete the transition, allowing for an orderly exit without significantly delaying a buyer's plans. Upon vacancy, the property presents a clear path for owner occupancy, repositioning, or leasing at market terms.

Because the existing occupancy reflects a related-party arrangement rather than an arm's-length market lease, historical rent is not representative of market value and should not be relied upon to estimate NOI, cap rate, or investment performance. For context only, commercial space along this corridor has recently leased in the range of $22-$27/SF annually, depending on condition and lease terms. Buyers are encouraged to conduct their own independent analysis.

Qualified owner-users may explore SBA financing options, subject to lender approval. The property's Opportunity Zone designation may present strategic advantages for certain investors; buyers should consult with their tax and legal advisors to evaluate potential benefits.

Investment highlights

  • Flexible Owner-User & Investment Opportunity
  • Qualified Opportunity Zone designation
  • Seller requests 40-day post-closing period for orderly transition
  • Upon vacancy, presents clear path for owner occupancy, repositioning, or leasing at market terms
  • Commercial space along this corridor has recently leased in the range of $22-$27/SF annually
  • Qualified owner-users may explore SBA financing options

Listing Contacts

BR
WA 24023184
Coldwell Banker Park Shore
Listed by Coldwell Banker Park Shore

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Additional Information

Name
Brenda Romero
License
24023184
Brokerage
Coldwell Banker Park Shore RE
Brokerage Phone
360-871-2332
Title
Realtor
Brokerage Address
4235 Southeast Mile Hill Drive
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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