403 Madison N Ave Bainbridge Island, WA 98110-2865
This exceptional freestanding retail property, located at 403 Madison Ave N, Bainbridge Island, WA 98110, offers 63,304 square feet of versatile space within a two-story building constructed in 1998. The property sits on a 2.07-acre lot and includes 109-107 parking spaces, ensuring ample convenience for customers and employees. Currently, there are multiple tenancies available, with a minimum divisible space of 1,000 square feet and a maximum contiguous space of 4,645 square feet. A significant 12,095 square feet is currently vacant, presenting a unique opportunity for expansion or new tenancy. One available space, approximately 2,500 square feet, features an existing upper-level gym area with a rubber floor and could be combined with an adjacent space to create over 5,000 square feet of contiguous space. The property's location within the CBA Bainbridge Island submarket offers excellent visibility and accessibility. The asking price is $24 per square foot, plus NNN charges, and the space is available for immediate occupancy. The property's APN is 272502-4-010-2004.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CITY · Bainbridge Island, WABainbridge Island. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.