List Search

490 Madison Ave N
Bainbridge Island, WA 98110

$926,000 USD

Office Condo For Sale  •  2,148 SF

Property Details

  • Property Type Office
  • Total Building Size 12,463 SF
  • Lot Size 0.7 AC
  • Building Class B
  • Year Built 1990
  • Cap Rate 5.36 %
  • Tenancy Multiple
  • Zoning CORE
28 Transit Score
83 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit 101A Office 2,148 SF $926,000 USD
  • Unit Size: 2,148 SF
  • Condo Use: Office
  • Price: $926,000 USD
  • Sale Type: Investment
  • Price/SF: $431.10 USD
Description
For Sale: Prime 2,148 sq. ft. office condo in the heart of Bainbridge Island. This stylish three-office suite boasts custom finishes with a conference room, reception area and kitchenette.

In addition to the ground-level 2,148 sf, the unit includes a spacious basement, perfect for storage or creative uses.

Currently, the owner occupies 1,367 sq. ft., generating additional income from two tenants in 781 sq. ft.

Commercial office condominiums are an excellent entry point for businesses who wish to be their own landlords. Seller financing is available.

Property Flyers

Financial Summary

Cap Rate: 5.36 %
Total Expenses: $0 USD

Public Transportation

AirportDriveWalkDistance
Seattle Paine Field International 79 min - 32.9 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 11
Type: Surface
Included in Rent: Yes
Kelly Muldrow 206-949-3420 Windermere Commercial/ERES
Kelly Muldrow 206-949-3420 Windermere Commercial/ERES