Belfair development parcel

Vacant Land for Sale
Catylist Listing ID: 29979638
Property Subtypes: Hospitality, Multi-Family, Office, Retail, Retail-Pad
Gross Land Area: 49,223 SF
Sale Price: $525,000
Unit Price: $10.67 PSF
Ceiling: 8 ft.
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 8/19/2017

Overview / Comments

1.13 acre MU parcel on SR 3 near intersection of SR 300, 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.
The two businesses on the parcel share a double driveway access to State Route 3 near the intersection of State Route 300. 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
Property Located Between: SR 3 and SR 300
Property Visibility: Excellent
Legal Description: CLA....too long
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.
Lot Frontage: 200
Lot Depth: 245
Zoning Description: MU
Easements: Electric Lines, Utilities
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

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