276-278 Winslow Way E | Bainbridge Island, WA 98110
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276-278 Winslow Way E
Bainbridge Island, WA 98110
Winslow Mall · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Trophy investment opportunity with 3 buildings totaling 23,439 sf and situated on 0.88 acres in the epicenter of Bainbridge Island’s core
- Bainbridge Island is a Seattle bedroom community, which boasts an average household income in excess of $144,000
- Lack of commercially zoned sites, extremely low sales velocity and the city's restrictions on new development create high barriers to entry
- Nearly every tenant is on a short-term lease at below-market rents creating significant upside in cash-flow
- 7 miles west of Seattle, Bainbridge Island is accessible via a 35-min ferry, the most frequently used and highest-rider-volume ferry in the state
- The short-term nature of the tenancies provides an opportunity for an owner user to occupy the building upon expiration of the lease terms
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
23,439 SF
Building Class
B
Year Built
1951
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.61
Lot Size
0.88 AC
Zoning
Mixed Use (Central Core) - Central Core Overlay of the Mixed-Use zoning designation, which allows for commercial and multifamily development up to 45 feet in height.
Parking
36 Spaces (1.54 Spaces per 1,000 SF Leased)
Frontage
136’ on Winslow Way
AMENITIES
- Atrium
- Restaurant
- Signage
- Skylights
- Storage Space
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $2,102,250 | |
| Land Assessment | $791,200 | Total Assessment | $2,893,450 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$791,200
Improvements Assessment
$2,102,250
Total Assessment
$2,893,450
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