Prime Waterfront Location | Fully Leased | Redevelopment Potential Nestled in the heart of Old Town Silverdale, this rare investment opportunity features two contiguous parcels totaling 0.40 acres directly across from the Silverdale Waterfront Park, boat launch, and marina. The property includes a fully remodeled 7,921 SF commercial building—home to a well-known local restaurant and brewery—with a new 5-year lease extension in place, ensuring steady income and long-term stability for the next owner. Property Highlights • Total Area: 0.40 Acres (Two Parcels) • Building Size: 7,921 SF (Fully remodeled in 2003) • Current Tenant: Peninsula Brewhouse • Lease Term: 5-year extension recently executed • Zoning: Neighborhood Commercial (NC) Zoning & Potential Uses (NC Zone) Under Neighborhood Commercial (NC) zoning, the property supports a range of community-oriented uses. These include: • Restaurants, brewpubs, cafes, and retail stores (under 4,000 SF) • Offices and professional services such as medical, real estate, and banking institutions • Day-care centers, fitness studios, and personal service businesses • Mixed-use residential or townhome development • Small lodging, bed-and-breakfast, or boutique hotel potential This flexible zoning allows for both commercial operation and residential integration, offering investors or developers multiple paths for long-term value creation. Area Context Old Town Silverdale is a walkable, historic waterfront district known for its charming local businesses, restaurants, and scenic shoreline access. The property is located just steps from the Silverdale Waterfront Park and boat launch, providing exceptional visibility and year-round foot traffic. In 2025, the Kitsap Transit feasibility study was approved for the addition of a fast ferry connection from Old Town Silverdale to the Bremerton ferry terminal, which would significantly enhance regional accessibility and economic growth in the area. Future Development Potential The second parcel, currently used for parking, offers prime redevelopment potential. Possible future uses include townhomes, boutique office space, or a mixed-use addition that complements the existing structure and the evolving character of the Old Town waterfront.