Property Details

18978 Front St NE
Poulsbo, WA 98370
$1,375,000
CBA# 713280 courtesy of CBA Listing firm: Better Properties Gig Harbor

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18978 Front St NE, Poulsbo

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Office / Retail
Property Type
2,592
Bldg Sq Ft
4.00%
Cap Rate
1908
Year Built

Property Overview

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.

Property Details

Property Information

Property Type Commercial Sale
Status Available
County Kitsap
Listed Jul 16, 2026

Financial Summary

Cap Rate 4.00%

Building & Use

Building Sq Ft 2,592
Leasable Area 2,592 sqft
Zoning CITY
Possible Use Retail,Office,Hotel/Motel
Year Built 1908

Exterior & Lot

Year Built 1908

Location

City Poulsbo
County Kitsap
Coordinates 47.73520, -122.64700
Listed By
Chance Blowers
Better Properties Gig Harbor

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