Listing provided courtesy of Better Properties Gig HarborNWMLSas Distributed by MLSGrid- MLS# NWM2528829MLS Provider

18978 Front Street NEPoulsbo, WA 98370

Commercial · 0.06 Acres
$1,375,000 Pending Feasibility

18978 Front Street NE Overview

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Grab this rare opportunity to own a piece of local History! The Hostmark building is a true classic. As the oldest building in Downtown, it is in all of the local history books as well as part of the Historic Downtown Poulsbo Association. Built by Adolf Hostmark, who traveled here from Norway in the 1880s, It was originally a General store and Post office. He literally rowed a boat to Seattle for supplies! This fully renovated, turnkey, mixed-use building in the heart of historic downtown Poulsbo is perfectly blended with edgy commercial appeal on the lower level, with a serene professional wellness space above. This property features high foot traffic and excellent income potential. The Hostmark building has all long-term tenants (several over a decade) with successful businesses. With a flat roof and unblockable view, there could be many potential ways to expand. Rooftop bar? Outdoor Yoga? Maybe add a whole new story. Poulsbo generates massive downtown foot traffic and is a major tourist destination in Washington as it's only Scandinavian town. With two separate entrances for the top and bottom businesses, it almost seems like two separate buildings. With over 2500 sq ft. the possibilities are endless.

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18978 Front Street NE Facts & Features

  • Type Commercial
  • Lot 0.06 Acres

Details

General

Association/HOA

  • Association Fee: $0.00

Income/Expenses

  • Other Expense: 1178
  • Electric Expense: 2725
  • Gross Scheduled Income: 86580
  • Insurance Expense: 6342
  • Net Operating Income: 68561
  • Total Expenses: 18019
  • Water/Sewer/Garbage: 3622

Building Information

  • Year Built: 1908

Location/Region

  • Country: US
  • County Or Parish: Kitsap
  • MLS Area Major: 166 - Poulsbo
  • Subdivision Name: Poulsbo

Tax Information

  • Tax Annual Amount: $4,152.00
  • Tax Year: 2025

General Information

  • Listing Terms: Cash, Conventional
  • Parcel Number: 42230000050008
  • Possible Use: Business
  • 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: 2592
  • 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
  • Flooring: Laminate, Vinyl Plank, Carpet
  • Foundation Details: Block
  • Heating: Yes
  • Living Area: 0
  • Main Level Bathrooms: 0
  • Power Production Type: Electric

Exterior

Parking Information

  • Open Parking: No
  • Parking Total: 0

Lot Information

  • Irrigation Water Rights: No
  • Lot Size Square Feet: 2614
  • Lot Size Units: Square Feet
  • Elevation Units: Feet
  • Water Source: Public

Building Exterior/Construction

  • Roof: Flat
  • Structure Type: Unspecified

General Information

  • Carport: No
  • Exterior Features: Wood, Wood Products
  • Number Of Units Total: 0
  • Sewer: Sewer Connected, STEP Sewer

18978 Front Street NE 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.

18978 Front Street NE 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.

18978 Front Street NE 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

18978 Front Street NE History

Date Event Value Agent
6/11/2026Source: NWMLS Status Change
Pending Feasibility
5/26/2026Source: NWMLS Price Increase
$1,375,000 5.8%
5/26/2026Source: NWMLS Added to Database
May 26, 2026