Property summary
This exceptional Class A, 1,313 square foot storefront, located at 123 Bjune Dr SE in Bainbridge Island, WA 98110, presents a compelling investment opportunity. Part of the prestigious Seabreeze Condominiums, a mixed-use complex, this fully occupied (100%) retail space boasts a strong Net Operating Income (NOI) of $29,800, yielding a 5.47% cap rate. The asking price is $545,000, translating to $89.08 per square foot. Built in 2004, this unit is situated within a four-story building and benefits from convenient access to underground parking. The property features a multi-tenant occupancy structure with leases secured through June 2026. Its prime location in the Bainbridge Island Core District, near waterfront marinas, restaurants, and downtown shopping, ensures high visibility and foot traffic. The property's zoning allows for a variety of uses, making it an adaptable and valuable asset. This is a rare opportunity to acquire a stable, high-performing retail investment in a thriving waterfront community. The property includes a total condo size of 1,313 square feet and is offered as a NNN lease. The APN is 8180-000-000-0005. This is a turnkey investment ready for immediate income generation.
Property profile
VerifiedCap rate & NOI
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Bainbridge Island market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
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Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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