$1,400,000
Prime Corner Lot With Exceptional Future Potential
- Updated: September 28
- MLS#2552635
About the Property
A rare opportunity to acquire a prime, income-generating Winslow corner lot near the Waterfront Park, Yacht Club, Senior Center, restaurants, shopping, and Seattle Ferries. Call listing agent for a copy of local architect Charlie Wenzlau’s feasibility sketch, representing potential for a four-story/16 unit apartment complex which includes an additional 7-units of offsite parking. This coveted low
A rare opportunity to acquire a prime, income-generating Winslow corner lot near the Waterfront Park, Yacht Club, Senior Center, restaurants, shopping, and Seattle Ferries. Call listing agent for a copy of local architect Charlie Wenzlau’s feasibility sketch, representing potential for a four-story/16 unit apartment complex which includes an additional 7-units of offsite parking. This coveted low maintenance location is currently occupied as a USPS parking lot, so enjoy your strategic land bank investment which is backed by a secure ground lease paying out a 4.11% annual return (plus tax reimbursement), while making use of your time with designs, local governance zoning decisions, and permits over the next few years. (CORE/Town Centr/Madison Overlay on the COBI website).
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Property type
Land
Features
- Water View
- Waterfront
- 2D Floor Plan
- 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
September 28
First listed
July 16
Listing reference
3e619a04-8007-11f1-901e-6045bdd61ac4
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