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Listed by:Jae Evans Real Estate • Jae Evans
$ 640,000
Est. payment | /mo
0.64 Acres Lot
$ 640,000
Est. payment | /mo
0.64 Acres Lot
Key Details
Property Type Commercial
Sub Type Commercial Industrial
Listing Status Active
Purchase Type For Sale
Subdivision Poulsbo
MLS Listing ID 2527088
Style 60 - Comm Bldg Und 10K
Year Built 1900
Annual Tax Amount $6,878
Lot Size 0.640 Acres
Property Sub-Type Commercial Industrial
Property Description
This property presents a rare waterfront mixed-use investment opportunity in the heart of Poulsbo. Situated on nearly half an acre, this versatile property combines immediate income potential with exceptional long-term redevelopment upside. The lower level and basement are currently configured for commercial office use, while the upper floor features a spacious and well-appointed one-bedroom, one-bath apartment with water views and private residential appeal. Positioned on an oversized waterfront parcel, the property offers significant potential for future redevelopment or repositioning to maximize highest and best use. Whether envisioned as an expanded mixed-use project, or enhanced commercial destination, the site's size, frontage, and location create a compelling opportunity for investors and developers alike. The existing tenant structure provides stable operational efficiency, with tenants responsible for all utilities and property upkeep, excluding only minor improvements. This low-maintenance setup enhances cash flow while preserving flexibility for future plans. Tenants are currently on annual leases affording the opportunity for owner / user occupancy upon lease expiration. With its prime Front Street location, waterfront setting, flexible zoning potential, and redevelopment possibilities, 19589 Front Street stands as a unique offering in one of Kitsap County's most desirable waterfront communities.
Location
State WA
County Kitsap
Area 166 - Poulsbo
Interior
Fireplace false
Exterior
Exterior Feature Wood
Waterfront Description Medium Bank
Roof Type Composition
Building
Sewer Sewer Connected
Water Public
Others
Senior Community No
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
"Three Trees" icon indicates a listing provided courtesy of NWMLS.
Nearby Schools & Businesses
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RSVP Real Estate Group
Real Estate Firm | License ID: 17634
Real Estate Firm License ID: 17634