601 Highland Ave - Apartments FOR SALE


Bremerton, WA 98337- Downtown Bremerton
$3,500,000 USD
206-332-1484
601 Highland Ave, Bremerton, WA for Sale
$3,500,000 USD
Apartments - FOR SALE
1/3
null | Request Cap Rate

601 Highland Ave
Bremerton, WA 98337
Downtown Bremerton


HIGHLIGHTS

  • Located 6 blocks from Bremerton Ferry Terminal connecting

OVERVIEW

601 Highland Avenue represents a unique opportunity to acquire a 280-unit multifamily transit oriented development site offering the following: • Multifamily Tax Exemption development incentives. Located in Qualified Census Tract. • Located 6 blocks from Bremerton Ferry Terminal connecting the project and downtown Bremerton to Seattle via a relaxing 30-minute passenger only or 60-minute car/passenger ferry boat ride. • 7 blocks to largest Naval Shipyard on the West Coast providing over 20,000 jobs to active duty and civilian employees. • 1 mile to Olympic College. • Views of Sinclair Inlet, Cascade Mountains, and Olympic Mountains. • Located in Pedestrian Zone in downtown Bremerton. • Surrounded by extensive retail and lifestyle amenities including Harborside Waterfront Boardwalk. • Area major employers include Naval Base Kitsap, Olympic College, City of Bremerton, Kitsap Credit Union, and CHI Franciscan Health.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$19 USD /SF

# OF UNITS

140

PRICE/UNIT

$25,000

CAP RATE

Request Cap Rate

% LEASED

-

STATUS

Proposed

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

6

YEAR BUILT

-

PARKING SPACES

98

LAND DETAILS

LAND ACRES

1.05 AC

LAND SF

45,890 SF

ZONING

MR-1

APN/PARCEL ID

132401-3-030-2000,132401-3-031-2009,132401-3-032-2008

ASK ABOUT THIS PROPERTY

Wyk ParkerNAI Puget Sound PropertiesMore Info
206-332-1484

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Wyk ParkerNAI Puget Sound PropertiesMore Info
206-332-1484

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