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Waterfront Redevelopment Site and Marina
For Sale
$5,980,000
Pending

231 Parfitt Way SW, Bainbridge Island, WA 98110

Prime waterfront property with redevelopment potential and existing marina.

Property SizeContact for details
Days on Market572

Property Features for 231 Parfitt Way SW

General Information

Standard status Pending
Property subtype Commercial

Building Details

Year Built 1901
Listing Agency: THE AGENCY BAINBRIDGE ISLAND
Listed By: MARK MIDDLETON
Source: Corcoran
Added: Jan 17, 2025 Changed: Aug 8 Last Checked: Aug 8 at 4:41AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of THE AGENCY BAINBRIDGE ISLAND

Investment Insights

Based on property information with market context.

Located in the downtown Marina District of Winslow, this property includes a 0.69-acre redevelopment site and a 52-slip marina with Department of Natural Resources lease facilities. The property offers views of Puget Sound and the Seattle city skyline. Zoned CORE-mixed use, the site encourages residential uses, with office and retail also permitted. Potential uses include a private residence with a private dock and marina, a state-of-the-art office complex with a residential component, or a revitalized marina experience. The property is suitable for pubs, restaurants, retail properties, commercial land, and land development.

Key Highlights

  • Prime low‑bank waterfront property in Winslow's DT Marina District with Puget Sound and Seattle skyline views.
  • Includes a .69 acre redevelopment site AND a 52‑slip Marina with DNR lease facilities.
  • CORE mixed‑use zoning allows for residential, office, and retail uses.

Property Analytics

Current Use

Pubs

Suggested Use

Top Pick Grocery & Convenience Store HVAC Service Electrical Service Carpet & Flooring Store Plumbing Service (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,259
Businesses Nearby

Demographics for 98110, WA

24,825
Population
10,728
Households
2.3
Avg Household Size
51
Median Age
75%
College-Educated
99%
High-School Grad
27.6 sq mi
ZIP Area
899
Density / Sq Mi
$159,882
Median Household Income
$77,528
Median Earnings
$2,081
Median Rent
$1,076,200
Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Pub - Prime waterfront property with redevelopment potential and existing marina.
Where is this pub located?
The property is located at 231 Parfitt Way SW Bainbridge Island, WA.
What is the asking price?
The asking price for this property is $5,980,000.
What are key features of this property?
This property features: Prime low‑bank waterfront property in Winslow's DT Marina District with Puget Sound and Seattle skyline views.; Includes a .69 acre redevelopment site AND a 52‑slip Marina with DNR lease facilities.; CORE mixed‑use zoning allows for residential, office, and retail uses.
More about this property
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