253 High School RdBainbridge Island, WA 98110

Property Details for 253 High School Rd

Year built

1990

Lot size

3.70 AC

Property size (Sq ft)

46,699 SF

Zone code

CITY

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

262502-2-095-2007

APU

26250220952007

Description

Island Village, a thriving 105,851 square foot retail center located in the heart of Bainbridge Island, Kitsap County, presents a unique opportunity for a discerning tenant. Currently, one retail space totaling 1,344 square feet is immediately available. This space is situated within a well-established "town center" anchored by a core grocery and drug store, ensuring high foot traffic and strong visibility. The center's strategic location within the community guarantees consistent customer flow and a robust market presence. The existing tenant mix provides a diverse and complementary retail environment, creating a synergistic atmosphere that benefits all occupants. This is an exceptional opportunity to establish or expand your business in a vibrant and desirable community. The property offers excellent accessibility and ample parking for customers and employees. The 1,344 square foot space is adaptable and ready for immediate occupancy, allowing for a quick and seamless transition into your new business location. With its prime location and established tenant base, Island Village offers a stable and profitable investment opportunity. Don't miss this chance to secure your place in this thriving retail center. Contact us today to schedule a viewing and learn more about this exceptional retail space. The property is located in Kitsap County.

• CAP approach

  CAP return

  Valuation

  6%

  $18,576,190

  6.5%

  $17,147,252

  7%

  $15,922,449

• Comparable approach

  Method

  Valuation

  Relative Method

  $31,557,932

  Geo Method

  $22,663,100

• Alternative Use

  Use

  Valuation

  Residential

  $14,464,349

  Hospitality

  $13,249,266

  Educational

  $11,023,234

  Medical

  $11,402,340

  Retail

  $17,147,252

Location Insight

City

Bainbridge Island

County

Kitsap

State

Washington

Latitude

47.6352

Longitude

-122.519

CBSA code

14740

CBSA name

BREMERTON-SILVERDALE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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