$1,400,000
Captivating Corner Lot Near Vibrant Amenities
- Updated: October 2
- MLS#2552635
About the Property
A rare opportunity! An income-generating Winslow corner lot near the Waterfront Park, Yacht Club, Senior Center, restaurants, shopping, and Seattle Ferries. This coveted low maintenance location is currently occupied as a Ground Lease for the USPS parking lot. In the meantime, enjoy your strategic land bank investment backed by a secure Federal lease paying out a 4.11% annual return (plus tax reim
A rare opportunity! An income-generating Winslow corner lot near the Waterfront Park, Yacht Club, Senior Center, restaurants, shopping, and Seattle Ferries. This coveted low maintenance location is currently occupied as a Ground Lease for the USPS parking lot. In the meantime, enjoy your strategic land bank investment backed by a secure Federal lease paying out a 4.11% annual return (plus tax reimbursement) until May of 2032, while making use of your time with designs and local governance zoning permits over the next few years. Seller’s sketch for ’possibly’ a 4-story/16 unit apartment complex to include an additional 7 offsite parking spots is available. (CORE/Town Centr/Madison Overlay on the COBI website).
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Property type
Land
Features
- Water View
- Waterfront
- Investment Property
- Parking
Explore the Area
240 Shannon Drive SE Bainbridge Island WA 98110, Washington, United States
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Windermere Real Estate
1151 Fairview Avenue North, 98109, Seattle, Washington, United States
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Windermere Real Estate is the largest regional real estate company in the Western U. S. with over 300 offices and 6
Windermere Real Estate is the largest regional real estate company in the Western U. S. with over 300 offices and 6,500 agents. We are a full-service company with agents who specialize in residential real estate, new construction, commercial real estate, relocation services, and property management. To further facilitate the home buying and selling process, Windermere also has affiliated partners that provide, mortgage, title, and escrow services. The Windermere family has a proud heritage of serving our neighbors via the Windermere Foundation which funds services for low-income and homeless families. Since 1989, the Windermere Foundation hsa contributed more than $56 million toward lives in the communities where we live and work. For more information, visit [hidden information].
Last updated
October 2
First listed
July 16
Listing reference
3e619a04-8007-11f1-901e-6045bdd61ac4
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