490 Madison Ave Bainbridge Island, WA 98110

This exceptional Class A commercial office condo, located at 490 Madison Ave N, Bainbridge Island, WA 98110, presents a unique owner-user opportunity. The 2,149 square foot space features a stylish three-office suite with custom finishes, including a conference room, reception area, and kitchenette. Built in 1990 and renovated in 2000, this multi-tenant property boasts a strong net operating income (NOI) of $50,339, yielding a 5.44% cap rate. The property is currently configured with three tenants, with the owner occupying 1,367 square feet and leasing the remaining 781 square feet. A spacious basement provides ample storage or additional creative workspace. The property is zoned for mixed use and offers seller financing. This is an ideal investment for businesses seeking to own their space, offering both income generation and the benefits of a prime Bainbridge Island location. The asking price is $926,000, with a price per square foot of $430.90. The property features a gross lease type. The APN is 8106-000-105-0109.