818 Madison Ave Bainbridge Island, WA 98110

This exceptional Class A mixed-use office building, located at 818 Madison Ave N, Bainbridge Island, WA 98110, presents a compelling investment opportunity. Built in 2005 by Wenzlau Architects and recently renovated, the property boasts 6,696 square feet across two units, currently enjoying 100% occupancy with seven stable tenants. Leases are structured as NNN, providing a predictable income stream. The building features seven parking spaces and sits on a 0.92-acre lot. Individual tenant spaces range from 314 to 1,981 square feet, demonstrating the versatility of the design. The asking price is $2,450,000, representing a price per square foot of $411.44 and a 5.02% cap rate, based on a Net Operating Income (NOI) of $138,424. This fully occupied property offers a rare chance to acquire a high-quality, income-producing asset in a desirable location. The property's strong performance history and recent updates ensure a stable and potentially appreciating investment. The property's APN is 8517-000-000-0009|2. This is a first-time market offering.