Belfair Street Retail MU 1.13 acre parcel

Retail-Commercial for Sale
Catylist Listing ID: 29979638
Property Subtypes: Mixed Use
Building Size (RSF): 556 SF
Gross Land Area: 49,223 SF
Sale Price: $525,000
Unit Price: $944.24 PSF
Ceiling: 8 ft.
Property Use Type: Net Leased Investment (NNN)
Building Name: Latte stand and Pita Pit
Usable Size (USF): 556 SF
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 11/13/2018

Overview / Comments

Belfair Street Retail 1.13 Acre parcel zoned Mixed Use on SR 3 near intersection of NE Clifton Lane, Belfair
This parcel is located on the west side of SR 3 has approximately 200' of frontage with two drive though access features. There are currently two businesses on the property (Latte stand and PC Pitstop) generating $2,300/month Modified Gross. The structures and income stream were given no value in the pricing of $10.66/sf. The parcel would be an excellent heavy traffic site (19,000/day) for those Commercial, Retail, and Residential Uses described in the attached document regarding Mason county permitted uses. Belfair is southwest of Bremerton on the southerly end of Hoods Canal.

Attachments & Media

Additional Details

Nearest MSA: Shelton
County: Mason
Taxing Authority: Mason County
Tax ID/APN: 12329-41-00160
Zoning: MU
Retail Clientele: Family, Business, Traveler, Tourist, Recreation
Property Located Between: SR 3 and SR 300
Property Visibility: Excellent
Largest Nearby Street: WA 3
Feet of Frontage: 200
Traffic/Vehicle Count: 19,000
Highway Access: WA 3
Airports: Bremerton, Seattle
Site Description: The site is on the southside of WA 3, gently sloped, and 1.13 acres mostly wooded.
Area Description: Located on the Union River, headwaters of the Hood Canal, a branch of Puget Sound, Belfair serves as the commercial center of North Mason County. The population of the surrounding area swells in the summertime as tourists and nature lovers flock to the Canal and the Olympic Peninsula.
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Number of Stories: 1
Property Condition: Fair
Year Renovated: 2010
Construction/Siding: Wood Siding
Exterior Description: wood
Total Parking Spaces: 20
Parking Ratio: 5 (per 1000 SF)
Parking Type: Surface
Parking Description: drive through for latte stand, stalls for sandwich shop
Heat Type: Electricity
Heat Source: Wall Units
Internet Access: DSL, Satellite
Interior Description: typical
Zoning Description: MU
Lot Frontage: 200
Lot Depth: 245
Water Service: Municipal
Sewer Type: Municipal
Easements: Electric Lines, Utilities
Land Ownership: Owned
Legal Description: CLA....too long

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 4,977 19,100
Median Age: 36.59 41.27
Households: 1,758 7,159


Photograph of Listing Agent

Tom Watson

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