Current Use by Public Records
- Warehouses
Property Details for 0 Un-Disclosed
- Property type
- Warehouses
- Property subtype
- Retail properties & Spaces
Description
This exceptional investment opportunity presents a unique chance to acquire a mixed-use property situated in Bainbridge Island's highly desirable Center Special Planning Area. The property encompasses two buildings totaling 9,200 square feet, offering a blend of retail and light manufacturing spaces, along with additional workshop and carport areas. Currently configured as multi-tenant, the property provides immediate rental income potential or the opportunity for owner-occupancy. The expansive 0.98-acre lot provides ample space for future development. The property benefits from NC zoning, allowing for a variety of development projects, making it an ideal platform for value-add or redevelopment strategies. With 50 parking spaces and ceiling heights ranging from 9 to 20 feet, the existing structures offer flexibility for various uses. The asking price is $3,500,000, translating to $380.43 per square foot. This represents a compelling investment in a rapidly growing area with significant long-term potential. The property's location within the Special Planning Area positions it for substantial future appreciation, making it an attractive proposition for both seasoned investors and those seeking a strategic entry point into the Bainbridge Island market. This is a rare opportunity to capitalize on the vibrant growth trajectory of this sought-after location.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Bainbridge Island
- County
- Kitsap
- State
- Washington
- Longitude
- -122.543
- Latitude
- 47.6458
