299 Madison Ave N Unit E $492,000

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    299 Madison Ave N Unit E Bainbridge Island, WA 98110

    • 0.34 Acres
    • Commercial/Industrial
    Listing# 1400340 | Active
    Days On Market: 279 0 Views
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    Property Details

    Rare opportunity to own an exceptional Main Level Office Condo across the street from City Hall. Ideal location for a number of uses with close proximity to Winslow and the Seatte ferry. Rental income and expenses available upon request: Current NOI = $31,220. Recently utilized for dentistry. Lobby, kitchenette, office space, 1/2 bath with an additional two common area restrooms. Large parking lot with ease of access. Current Monthly HOD $360.00.

    • General Features
      • County Kitsap
      • Approx Building SqFt 3,935
      • Approx Office SqFt 1,225
      • Approx Whse/Mfg SqFt 0
      • Zoning Class Business, Commercial, Office
      • Lot Dimensions 60x245
      • Style 60-Comm Bldg Und 10K
      • Total Covered Parking 0
      • Total Uncovered Parking 0
      • Zoning Jurisdiction City
    • Building Features
      • Exterior Cement/Concrete, Wood
      • Foundation Poured Concrete
      • Roof Composition
      • Floor Covering Vinyl
      • Heating and Cooling Heat Pump
    • Property Features
      • Depth of Lot 245
      • Site Frontage 60
      • Water-Sewer-Garbage 0
      • Sewer Sewer Connected
      • Sewer Company COBI
      • Energy Source Electric
      • Power Company PSE
      • Number of Available Pads 0
      • Lot Square Footage 14,700
    • Financials
      • Free and Clear N
      • Vacancy Rate 5
      • Total SqFt Rented 1,225
      • Total Monthly Rent $3,342
      • Gross Rent Multiplier 0
      • Cap Rate -NOI div LP 5.5
      • Gross Scheduled Income $40,105
      • Gross Adjusted Income $0
      • Total Expenses $7,248
      • NOI $32,857
      • Electrical Expenses $0
      • Tax Expense $2,640
      • Heating Expense $0
      • Insurance Expense $0
      • Other Expenses $4,320
      • Tax Year 2019
      • Annual Assoc. Dues $360

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    Neighborhood

    98110 (Bainbridge Island) Demographics

    48Median Age
    854Population Density (per sq. mile)
    75%College Educated
    $102,906 Estimated Median Income
    7,468Estimated Total Home Owners
    2,187Estimated Total Renters
    77% / 23%Estimated Owner / Renter Divide
    3Estimated Average Household Size
    23,576Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $875,000 Median Sales Price
    44 Homes Sold
    0 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $492,000
        10/2/2019 8:01:27 AM Status Changed Source New Value: Active
        8/26/2019 4:51:06 PM Status Changed Source New Value: Pending
        8/2/2019 8:21:23 PM Status Changed Source New Value: Pending Feasibility
        7/9/2019 8:00:55 AM Price Reduced Source New Value: $492,000 -5.02%
        4/23/2019 5:01:20 PM Price Reduced Source New Value: $518,000 -5.47%
        1/14/2019 1:11:00 PM New in Database Source New Value: $548,000

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        This property search is part of the Reliance Network website. Listing information is courtesy of the WA-NWMLS and Reliance Network. Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2019. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental Information has not been verified by agent and should be verified by buyer.