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    FOR SALE
    Retail space

    123 Bjune Dr SW, Bainbridge Island, WA 98110

    1,313 SF Built 2004
    Property ID
    US90-1353838
    Property summary
    AI-generated overview

    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
    Verified
    Property type Retail space
    Year built 2004
    Total area 1,313 SF
    APN 8180-000-000-0005
    UPID US90-1353838
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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