SeaPort Building 3388 Byron St 7,921 SF Retail Building Silverdale, WA 98383 $3,168,738 CAD ($400.04 CAD/SF) 6.30% Cap Rate

Old Town Silverdale Investment Property
Waterfront | Fully Leased | Redevelopment Potential
Rare opportunity to own two parcels totaling 0.40 acres in the heart of Old Town Silverdale, directly across from the Silverdale Waterfront Park and boat launch. The 7,921 SF building, fully remodeled in 2003, is 100% leased to a popular local restaurant and brewery with a new 5-year extension in place.
Zoned Neighborhood Commercial (NC), the property allows a wide range of uses including restaurants, retail, offices, personal services, and mixed-use.
The additional parcel, currently used for parking, offers future development potential. With a fast ferry connection to Bremerton under feasibility study, this location is positioned for strong long-term growth and increased regional accessibility.
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
• Small lodging, bed-and-breakfast, or boutique hotel potential
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 potential for a future commercial development that complements the existing structure and aligns with the ongoing evolution of the Old Town waterfront.