490 Madison AveBainbridge Island, WA 98110
- Office properties
- 2,149 SF
Property Details for 490 Madison Ave
- Year built
- 1990
- Property size (Sq ft)
- 2,149 SF
- Property type
- Office properties
- Property subtype
- Office space
Description
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.
Location Insight
- City
- Bainbridge Island
- County
- Kitsap
- State
- Washington
- Latitude
- 47.6283
- Longitude
- -122.521
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].