For Sale
$545,000

123 Bjune DrBainbridge Island, WA 98110

Downtown Bainbridge Island storefront, high occupancy.

Overview

Added:
Dec 11, 2024
Days on market:
118
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.

Highlights

  • 1,313 square foot condo.
  • Bainbridge Island Core District zoning.
  • Underground parking included.
  • Mixed-use center with established retail.
  • $29,801 current NOI.

Property Details for 123 Bjune Dr

Property type
Retail properties, Retail space
Square Feet
1,313 SF
Class
A
Year Built
2004
Buildings
1
Stories
4

Location Insight

City
Bainbridge Island
County
Kitsap
State
Washington
Latitude
47.6239946
Longitude
-122.5205651
123 Bjune Dr, Bainbridge Island, Washington

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123 Bjune Dr
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