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.

271 Wyatt Way NE Unit 102, Available

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. It is newly finished with a prime street-facing location, providing fantastic visibility. The space is also perfectly sized, offering just the right balance of comfort and functionality, making it ideal for any purpose!  

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, Available

771 Square Feet | Priced at $348,000

MLS#: 2236250

This unit is on the second floor and may be used as an office or therapist offices. What I love most about this unit is how much sunlight it gets. It faces southeast, so it’s always bathed in sunshine and has a beautiful view of the greenery.

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 - 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 - 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%

271 Wyatt Way NE Unit 208 - SOLD

1,126 Square Feet | Sold for $375,000

MLS#: 2236246

This corner unit is on the second floor and may be used as an office or professional space. Ample parking is available in the underground garage and surface parking lot.

Expenses

• HOA Dues: $951/Month/Unit

• Property Tax: $2,892/Year/Unit

• Electrical: Paid Direct by Tenant

• All Other Utilities: Included in OA Dues