Listing provided courtesy of Kidder MathewsNWMLSas Distributed by MLSGrid- MLS# NWM2547297MLS Provider

22173 Viking Avenue NWPoulsbo, WA 98370

Commercial · 2.06 Acres
$1,860,000 Active

22173 Viking Avenue NW Overview

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Pleased to present the opportunity to acquire a 2.06 Acre Commercial Investment Property located in Poulsbo, Washington, leased to Puget Collision LLC with 7+ Years of remaining Firm-Term, on a NNN Lease through July 2033, with (2) 5-Year Extension Options. Puget Collision LLC is a rapidly expanding Collision Repair Operator that has grown from 18 to 70 locations across 6 states, under the CARSTAR and Fix Auto brands. The Lease provides 3% Annual Rent Increases on Base Rent + NNN, offering predictable income growth with minimal landlord expense exposure. The investment is further enhanced by an Executed Option and Lease Agreement with Eddy Energy LLC, a Battery Energy Storage Developer, providing up to $45,000 in Non-Refundable Option Payments over 36 months, followed by a 30-Year Energy Storage Lease with 15% Rent Escalations every 5-Years, delivering additional income from the site. Strategically positioned with direct frontage on State Route 3, the primary north-south highway connecting Poulsbo to Bremerton and the Bainbridge Island ferry, the property offers excellent visibility with 31,000+ VPD, and access within a high-traffic commercial corridor. The site benefits from proximity to Naval Base Kitsap, one of the region's largest employers, and the continued growth of Kitsap County's economy, supported by ferry-commuter demand to Seattle and a stable defense-sector employment base, further underpinning the long-term performance of the investment.

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22173 Viking Avenue NW Facts & Features

  • Type Commercial
  • Lot 2.06 Acres

Details

General

Association/HOA

  • Association Fee: $0.00

Income/Expenses

  • Net Operating Income: 129853

Building Information

  • Year Built: 1991

Location/Region

  • Country: US
  • County Or Parish: Kitsap
  • MLS Area Major: 165 - Finn Hill
  • Subdivision Name: Poulsbo

General Information

  • Listing Terms: See Remarks
  • Parcel Number: 10260110102009
  • Possible Use: Retail
  • Property Sub Type: Commercial Industrial
  • Property Type: Commercial Sale
  • Senior Community: No
  • Special Listing Conditions: None

Interior

Beds/Baths

  • Bedrooms Upper: 0

Building Interior

  • Approximate Building Square Feet: 7360
  • Building Area Total: 0
  • Building Area Units: Square Feet
  • Calculated Square Footage: 0
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0

General Information

  • Cooling: Yes
  • Fireplace: No
  • Fireplaces Total: 0
  • Heating: Yes
  • Living Area: 0
  • Main Level Bathrooms: 0
  • Power Production Type: See Remarks

Exterior

Parking Information

  • Open Parking: No
  • Parking Total: 0

Lot Information

  • Irrigation Water Rights: No
  • Lot Size Acres: 2.06
  • Lot Size Square Feet: 89734
  • Lot Size Units: Square Feet
  • Elevation Units: Feet
  • Water Source: See Remarks

Building Exterior/Construction

  • Structure Type: Retail

General Information

  • Carport: No
  • Number Of Units Total: 0
  • Sewer: Available

22173 Viking Avenue NW Neighborhood

Community

98370 (Poulsbo) Demographics

44
Median Age
482
Population Density (per sq. mile)
50%
College Educated
$85,299
Estimated Median Income
9,830
Estimated Total Home Owners
3,233
Estimated Total Renters
75% / 25%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

22173 Viking Avenue NW Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

22173 Viking Avenue NW Market Data

Based on the last 30 days in this zip code

$787,186
Average List Price
$349
Average Price per Square Foot
39
Properties Sold
75
Average Days on Market
180
Properties for Sale
Calculations provided by Reliance Network

22173 Viking Avenue NW History

Date Event Value Agent
6/29/2026Source: NWMLS Added to Database
June 29, 2026