Ground-Leased Corner Lot
240 Shannon Dr Se Bainbridge Island, WA 98110
240 Shannon Dr Se, Bainbridge Island, WA, 98110
$1,400,000
For Sale
$1,400,000
Corner lot land is currently leased for USPS employee parking and is held under a 5+ year ground lease.
Lot Size0.18 Acres
Days on Market10
Property Features for 240 Shannon Dr Se
General Information
- Standard status
- Active
- Lot size
- 0.18 Acres
- Property subtype
- Land
Listing agency
Windermere RE Bainbridge
(206) 842-5626
Listed by
Jan Johnson
(206) 842-5626
Source
Exprealty
Added: Jul 13 Updated: Jul 22 at 2:10AM Checked: Jul 22 at 2:10AM
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 Windermere RE Bainbridge
Investment Insights
Based on property information with market context.
This corner lot land offering totals 0.18 acres and is currently occupied as an employee parking lot for USPS. The property is described as being within “CORE/Town Center/Madison Overlay” under prime downtown Winslow zoning.
The remarks state the land is supported by a secure 5+ year ground lease. The leased parcel is described as being adjacent to existing above-ground multi-family housing and just up the street from Waterfront Park.
The provided information also references a 4.11% annual return on the investment, tied to the ground lease in place.
The remarks state the land is supported by a secure 5+ year ground lease. The leased parcel is described as being adjacent to existing above-ground multi-family housing and just up the street from Waterfront Park.
The provided information also references a 4.11% annual return on the investment, tied to the ground lease in place.
Key Highlights
- 0.18‑acre corner lot in downtown Winslow
- Currently occupied as a USPS employee parking lot
- Leased under a secure 5+ year ground lease
Property Analytics
Location Intelligence
Current Use by Public Records
Waterfront Land
Similar For Sale Nearby
FAQs
What type of property is this?
Waterfront Land - Corner lot land is currently leased for USPS employee parking and is held under a 5+ year ground lease.
Where is this waterfront land located?
The property is located at 240 Shannon Dr Se Bainbridge Island, WA.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 0.18‑acre corner lot in downtown Winslow; Currently occupied as a USPS employee parking lot; Leased under a secure 5+ year ground lease
