Class-A Condominium Office and Retail Spaces in One of the Best Commercial Buildings on Bainbridge Island

PRICED FROM $273,000 - $798,000

271 Wyatt Way NE, Bainbridge Island, WA 98110

Class-A Condominium office and retail spaces in one of the best commercial buildings on Bainbridge, on a quiet tree-lined street and close to the downtown core. All units are easily accessible from the street and surround the inner courtyard. Ample parking is available in the underground garage and surface parking lot. Units may be purchased separately or as a package at a negotiated rate.

271 Wyatt Way NE Unit 102, Bainbridge Island

574 Square Feet | Priced at $273,000

MLS#: 2236247

This unit is on the ground floor and is a corner unit adjacent to the sidewalk.

Expenses

• OA Dues: $484.44/Month/Unit

• Short Term Lease

• Property Tax: $1,416.98/Year/Unit

• Electrical: Paid Direct by Tenant

• All Other Utilities: Included in OA Dues

• Total Expenses: $7,230.26/Year/Unit

Income

• Market Rate: $26/SF/YR + NNN

• Total Income: $14,928.00

• Cap Rate: 5.47%

271 Wyatt Way NE Unit 206, Bainbridge Island

771 Square Feet | Priced at $348,000

MLS#: 2236250

This unit is on the second floor with south-facing windows, and may be used as an office or therapist offices.

Expenses

• HOA Dues: $661.66/Month/Unit

• Short-Term Lease

• Property Tax: $1,890.86/Year/Unit

• Electrical: Paid Direct by Tenant

• All Other Utilities: Included in OA Dues

• Total Expenses: $9,830.77/Year/Unit

Income

• Market Rate: $28/SF/YR + NNN

• Total Income: $21,588.00

• Cap Rate: 6.20%

271 Wyatt Way NE Unit 100, Bainbridge Island - Sold

752 Square Feet | Sold for $360,000

MLS#: 2236252

This unit is on the ground floor and facing the sidewalk with lots of windows and a vaulted ceiling. It may be used as office or retail space.

Expenses

• HOA Dues: $645.35/Month/Unit

• Property Tax: $1,856.44/Year/Unit

• Electrical: Paid Direct by Tenant

• All Other Utilities: Included in OA Dues

• Total Expenses: $9,600.63/Year/Unit

Income

• Vacant

• Market Rate: $30/SF/YR + NNN

• Total Income: $22,560.00

• Cap Rate: 5.67%


271 Wyatt Way NE Unit 108/110, Bainbridge Island - SOLD

2,395 Square Feet | Sold for $750,000

MLS#: 2236255

Currently built out for medical. This unit is on the ground floor with lots of windows, and may be used as office or medical.

Expenses

• HOA Dues: $1,798.21/Month/Unit

• Property Tax: $4,875.08/Year/Unit

• Electrical: Paid Direct by Tenant

• All Other Utilities: Included in OA Dues

• Total Expenses: $26,453.57/Year/Unit

Income

• Vacant

• Market Rate: $24/SF/YR + NNN

• Total Income: $62,268.00

• Cap Rate: 7.80%