O'Callahans 15610 Olson Dr Kp N 3,926 SF Retail Building Lakebay, WA 98349 $1,446,690 CAD ($368.49 CAD/SF)

This level, one-acre corner lot is ideally located in one of the most sought-after areas of the Key Peninsula community. With its high-visibility frontage on Key Peninsula Highway, this property is a rare find for developers and business owners alike. The property offers endless possibilities and is perfect for an urgent care facility, daycare center, hotel/lodging, retail strip mall, office space, residential development, or a mixed-use project. The existing structure features a spacious retail area and three additional office or retail spaces, each with private entrances for maximum flexibility. Situated in a high-traffic area with excellent accessibility, this property offers incredible potential for new development or expanding the current structure. Don’t miss this opportunity to create your vision in the vibrant commercial hub of the Olympic Peninsula.
The Key Peninsula, located in Pierce County, Washington, is a scenic and tranquil area known for its natural beauty, rural charm, and proximity to the waters of Puget Sound. It stretches southward from the Kitsap Peninsula and is bordered by Henderson Bay, Carr Inlet, and Case Inlet, offering stunning views and abundant opportunities for outdoor recreation. The Key Peninsula provides a peaceful rural atmosphere while being conveniently located near urban centers. It is about 25 miles west of Tacoma and within commuting distance to Seattle. The area is a haven for nature enthusiasts, with several parks, trails, and water access points. Popular spots include Penrose Point State Park, Joemma Beach State Park, and Key Peninsula Civic Center Park, with boating, fishing, hiking, and wildlife observation being favorite activities. The Key Peninsula is home to a mix of long-time residents and newcomers seeking a quiet lifestyle. The area is experiencing steady growth while maintaining its small-town charm. It offers essential amenities such as schools, grocery stores, restaurants, and community centers, with larger shopping and healthcare options accessible in nearby Gig Harbor and Tacoma. Major roadways, including the Key Peninsula Highway, provide easy access to neighboring communities and regional hubs, making it an appealing location for businesses and residents. The Key Peninsula offers a unique blend of rural beauty and strategic location, making it ideal for those seeking serenity or development opportunities.