240 Shannon Drive SE, Bainbridge Island, WA 98110
- $1,400,000
Listing courtesy of Windermere RE Bainbridge.
- List Price
- $1,400,000
- Status
- ACTIVE
- MLS#
- 2552635
- Days on Market
- 14
- Lot Size (sq ft)
- 7,841
Property Description
A rare opportunity to own a corner lot of .18 acres within prime downtown Winslow zoning. (CORE/Town Center/Madison Overlay). Strategic land banking with appreciation potential in this coveted location while local governance zoning decisions are made over the next few years. Currently occupied as an employee parking lot for the USPS, this 4.11% Annual return on your investment is backed by a secure 5+ year Ground Lease located adjacent existing above-ground multi-family housing and just up the street from the Waterfront Park.
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Additional Information
- Community
- Bainbridge Island
- Style
- 40 - Res-Less thn 1 Ac
- Zoning Jurisdiction
- City
- Features
- Partially Cleared
- Sewer
- In Street
- Tax Year
- 2026
- School District
- Bainbridge Island
- Elementary School
- Buyer To Verify
- Middle School
- Woodward Mid
- High School
- Bainbridge Isl
- Potential Terms
- Cash
- Driving Directions
- Off Ferry, Left on Winslow Way to Madison, Left to Bjune Drive & take a Left to lot on the SE corner of Bjune Drive and Shannon Drive. Driveway into lot off Shannon.
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