8078 Old Military Rd NE - Passive Income redevelopment opportunity 2.67 Acres of Commercial Land Offered at $1,673,708 CAD in Bremerton, WA 98311

LOCATION: A lovely 2.67 acres wooded property in Central Kitsap County, minutes from Bremerton Shipyard and Navy Base, Bangor Submarine base, Keyport Navy UWW Center and beautiful tourist town of Poulsbo. Ten-minute drive to Bremerton ferry terminal with services to Seattle - 30 minutes by foot ferry, 60 minutes by car-carrying ferry. Major shopping centers (Kitsap Mall, Costco, Home Depot, Lowes, Trader Joes, Target etc.) and St. Michael's Hospital in Silverdale are less than 4 miles away. Walk to Illahee State Park, County fairgrounds. Safeway and Walmart. An easy 1.5 hour drive to the Olympic National park and ferry to Victoria, B.C. from Port Angeles.
HOUSE: two bedrooms with two master baths, very spacious living room, dining room, breakfast nook, laundry room and a fabulous gourmet Kitchen with a Wolf Gas Range, a fridge, D/W, Microwave and a bar sink. A 94% efficient gas heating furnace has been installed about one year ago. There are huge decks on the back and sides, plenty of parking, a small lake, a few fruit trees (apples, cherry).
BARN: Bonus is an enclosed huge barn with plenty of storage space, concrete basement and indoor corals for two horses. Conceptual drawings for conversion of the barn into a dwelling is available but will need full engineering and permits.
DEVELOPMENT OPP: Property has been preliminarily approved by Kitsap County for subdivision into 9 lots, four of which can have duplexes. Thus, one can build 12 new dwelling units in addition to the existing house. Plans to add a two-car garage to the existing house have been submitted. Site Development Activity Permit has been applied for with full civil engineering drawings, geotechnical reports, stormwater and sewage plans, landscape plans and is expected to be ready in a few months. Once issued, grading, utilities, roads and demarcation of final lot boundaries and home constructions can be started. This is an incredible chance to build a multimillion $ subdivision without waiting years for permit approvals. Seller has done all the hard work for you!