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SeaPort Building 3388 Byron St 7,921 SF Retail Building Silverdale, WA 98383 $2,870,805 CAD ($362.43 CAD/SF) 4.29% Cap Rate
Investment Highlights
- Two parcels totaling 0.40 AC with 7,921 SF fully leased building
- Long-term restaurant & brewery tenant with new 5-year extension
- Prime Old Town Silverdale location across from waterfront park & marina
- Additional parcel for parking or future development
Executive Summary
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.
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 Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
7,921 SF
Building Class
C
Year Built
2005
Price
$2,870,805 CAD
Price Per SF
$362.43 CAD
Cap Rate
4.29%
NOI
$123,158 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
0.45
Lot Size
0.40 AC
Zoning
NC - Neighborhood Commercial
Parking
20 Spaces (2.52 Spaces per 1,000 SF Leased)
Frontage
54’ on Byron St
Nearby Major Retailers
Property Taxes
| Parcel Number | 4458-008-004-00-08 | Improvements Assessment | $11,483 CAD |
| Land Assessment | $231,483 CAD | Total Assessment | $242,966 CAD |
Property Taxes
Parcel Number
4458-008-004-00-08
Land Assessment
$231,483 CAD
Improvements Assessment
$11,483 CAD
Total Assessment
$242,966 CAD
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SeaPort Building | 3388 Byron St
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