The Poulsbo Beat

News, insight and conversation about Poulsbo.

  • Comments

Slow real estate market makes for underwhelming show of buyer interest for city

September 13th, 2010 at Mon, 13th, 2010 at 6:21 am by Jennifer Morris

The City of Poulsbo is trying to off-load some property to help pay for its new city hall, but a slow real estate market is making for few interested buyers.

But all they need is one.

Broker Mark Danielsen, with Windermere Commercial, sent a status report to Poulsbo Mayor Becky Erickson and the Poulsbo City Council detailing the progress of its for-sale and for-lease properties on Sept. 7.

There is “at least one interested prospect in each of the properties listed,” he wrote.

Here’s what he reported:

  • There have been two showings of the city’s current city hall site on Jensen Way, one to a local non-profit that determined it was too large a project, and one to a developer who remains interested. It is listed for $1.25 million.
  • A local party has twice viewed the undeveloped Klingle Property on Second Avenue. They hope to preserve the space and would likely build only a house or two there if the price is right.
  • A small church is interested in leasing space in the Parks & Recreation building, and a remodel may be done to accommodate them. Previously a group of musicians wanted to teach music there, but the volume of noise produced “was not appropriate,” Danielsen said. The lease rate is listed at $1,735 per month.

See the full report below.  JM

Real Estate

Follow The Poulsbo Beat and other North Kitsap news on Facebook.

More articles by  >
ABOUT COMMUNITY BLOGS: Community blogs are written by volunteers. They are members of our community but not employees of this site or newspaper. They have applied or were invited to blog here but their words are their own and are not edited by the editor or staff of this site, and have agreed to abide by our Terms of Use. The authors are solely responsible for their content. If you have concerns about something you read on a community blog, please contact the author directly or email us.

COMMENTING RULES: We encourage an open exchange of ideas in the PNWLocalNews.com community, but we ask you to follow our guidelines for respecting community standards. In a nutshell, don't say anything you wouldn't want your mother to read.

So keep your comments:

  • Civil
  • Smart
  • On-topic
  • Free of profanity

We ask that all participants own their words by logging in with their Facebook account. It's a simple process that will take seconds and helps keep our comments free of trolls, cranks, and “drive-by” commenters. We reserve the right to remove comments from anyone using screen names, pseudonyms or false identities. Please see our FAQ if you have questions or concerns about using Facebook to comment.