Published on: Monday, June 30, 2025
Updated on: Monday, June 30, 2025
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About the Lister
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Name: Daniel Wakefield
Company: Keller William Commercial Puyallup
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Cell Phone: (360) 900-7329
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15610 Olson Drive Northwest Home Washington , 98349
15610 Olson Drive Northwest Home Washington , 98349  Keller William Commercial Puyallup
Listing ID: CL-Washington-25770

Purchase Option

Acquisition Option: Traditional Purchase
Cap Rate (%): Contact Lister
Net Operating Income: Contact Lister
Commission Split (%): 0
Quick Glance
Listing ID: CL-Washington-25770
Status: Accepting Offers
Financing: Third Party Financing
Occupancy: N/A
Year Build: 1962
Building Size: N/A SqFt
Lot Size: 0.92 Acre
No of Stories: 1
No of Parking: 40
Offer to Millionaire Club: No
Business Available for Sale: No
Is Net Lease Investment: No
Property On Ground Lease: No
Building Status: Existing
Attached Documents
Listing Summary
This level, one-acre corner lot is ideally located in one of the most sought-after areas of the Key Peninsula community
Complete Details
Year Build: 1962
Building Size: N/A SqFt.
No of Stories: 1
Total Lot Area: 0.92 Acre
No of Parking: 40
No of Total Units: 1
Property Current Status: Normal Sale
Building Status: Existing
Heating and Cooling: Not Specified
Building Class: C
Property on Ground Lease?: No
Net Lease Investment?: No
Business Price Included?: No
Roofing: Not Specified
Occupancy: 0%
Full Description

Property Description

This level, one-acre corner lot is a rare find, ideally located in one of the most sought-after areas of the Key Peninsula. Its high-visibility frontage on Key Peninsula Highway makes it perfect for developers and business owners. The property offers endless possibilities, suitable for an urgent care facility, daycare center, hotel/lodging, retail strip mall, office space, residential development, or a mixed-use project.

The existing structure includes a spacious retail area and three additional office or retail spaces, each with private entrances for maximum flexibility. Situated in a high-traffic area with excellent accessibility, this property holds incredible potential for new development or expanding the current structure. Don't miss this opportunity to bring your vision to life in the vibrant commercial hub of the Olympic Peninsula.

Area Description

The Key Peninsula, located in Pierce County, Washington, is a scenic and tranquil area renowned for its natural beauty, rural charm, and proximity to Puget Sound. Stretching south from the Kitsap Peninsula and bordered by Henderson Bay, Carr Inlet, and Case Inlet, it offers stunning views and abundant outdoor recreation opportunities.

While providing a peaceful rural atmosphere, the Key Peninsula is conveniently located about 25 miles west of Tacoma and within commuting distance to Seattle. It's a haven for nature enthusiasts, boasting several parks, trails, and water access points like Penrose Point State Park, Joemma Beach State Park, and Key Peninsula Civic Center Park. Popular activities include boating, fishing, hiking, and wildlife observation.

The Key Peninsula is experiencing steady growth while maintaining its small-town charm, attracting both long-time residents and newcomers seeking a quiet lifestyle. It provides essential amenities such as schools, grocery stores, restaurants, and community centers, with larger shopping and healthcare options readily available in nearby Gig Harbor and Tacoma. Major roadways, including the Key Peninsula Highway, ensure easy access to neighboring communities and regional hubs.

The Key Peninsula offers a unique blend of rural beauty and strategic location, making it ideal for those seeking serenity or development opportunities.

Additional Properties
Property Highlights
  • In the heart of Key Center
  • Across from the IGA shopping center
  • Neighboring properties include: Sunnycrest Nursery, Capitol Lumber, Key Center Tavern, Reed’s Good Food & Spirits, El Sombrero Family Restaurant, Cutter Bug, and Madrona Cafe
  • Formerly, O’Callahan’s Pub & Grill
  • Near Vaughn Elementary School, Key Peninsula Middle School, and Peninsula High School
Listing Location
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Listing ID: CL-Washington-25775
Listing Type: Commercial
Category: Office - Office Building
Status: Accepting Offers
Created On: 6/30/2025
Modified On: 6/30/2025
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Address: 19647 Viking Avenue Northwest , Poulsbo Washington 98370
Listing ID: CL-Washington-25771
Listing Type: Commercial +Lease
Category: Land - Commercial
Status: Price not Disclosed
Created On: 6/30/2025
Modified On: 6/30/2025
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Title: Incredible Retail Space for Lease
Address: 2843 Northwest Kitsap Place , Silverdale Washington 98383
Listing ID: CL-Washington-25758
Listing Type: Commercial +Lease
Category: Retail - Mixed Use
Status: Accepting Offers
Created On: 6/27/2025
Modified On: 6/30/2025
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Address: 103 W Railroad St , Montezuma Georgia 31063
Listing ID: CL-Georgia-13556
Listing Type: Commercial +Lease
Category: Office - Office Condo
Status: Accepting Offers
Created On: 1/10/2025
Modified On: 1/10/2025
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