18978 Front St - Storefront Retail/Office FOR SALE


Poulsbo, WA 98370
$1,375,000 USD
360-340-4576
18978 Front St, Poulsbo, WA for Sale
$1,375,000 USD
Storefront Retail/Office - FOR SALE
1/5
null | 5% Cap Rate

NEW


18978 Front St
Poulsbo, WA 98370


HIGHLIGHTS

  • Heavy foot traffic day and night

OVERVIEW

Grab this rare opportunity to own a piece of local History! The Hostmark building is a true classic. As the oldest building in Downtown, it is in all of the local history books as well as part of the Historic Downtown Poulsbo Association. Built by Adolf Hostmark, who traveled here from Norway in the 1880s, It was originally a General store and Post office. He literally rowed a boat to Seattle for supplies! This fully renovated, turnkey, mixed-use building in the heart of historic downtown Poulsbo is perfectly blended with edgy commercial appeal on the lower level, with a serene professional wellness space above. This property features high foot traffic and excellent income potential. The Hostmark building has all long-term tenants (several over a decade) with successful businesses. With a flat roof and unblockable view, there could be many potential ways to expand. Rooftop bar? Outdoor Yoga? Maybe add a whole new story. Poulsbo generates massive downtown foot traffic and is a major tourist destination in Washington as it's only Scandinavian town. With two separate entrances for the top and bottom businesses, it almost seems like two separate buildings. With over 2500 sq ft. the possibilities are endless.

FOR SALE DETAILS

PRICE

$1,375,000 USD

PRICE/SF

$593 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Freestanding, Medical, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1908

SPRINKLERS

-

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,613 SF

ZONING

CITY

APN/PARCEL ID

4223-000-005-00-08

ASK ABOUT THIS PROPERTY

Chance BlowersBetter Properties Real EstateMore Info
360-340-4576

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Chance BlowersBetter Properties Real EstateMore Info
360-340-4576

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.