Property Details
18978 Front Street NE
Poulsbo, WA 98370
$1,375,000
Active
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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
Subtype
Commercial Industrial
Status
Active
County
Kitsap
Neighborhood
Poulsbo
Listed
May 26, 2026
Original Price
$1,300,000
Financial Summary
Cap Rate
5.20%
Net Operating Income
$68,561
Gross Scheduled Income
$86,580
Total Expenses
$18,019
Building & Use
Building Sq Ft
2,592
Zoning
Business
Possible Use
Business
Lot Size
2,614 sqft
Year Built
1908
Exterior & Lot
Lot Size
0.06 sqft
Year Built
1908
Exterior Materials
Wood
Sewer
Sewer Connected, STEP Sewer
Water Source
Public
Exterior Features
Wood, Wood Products
Location
City
Poulsbo
County
Kitsap
Coordinates
47.73517, -122.64661
Additional Information
Tax Year
2025
Annual Taxes
$4,152
Possession
Array
Based on information submitted to the MLS GRID as of May 27, 2026 2:45 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
