PROPERTIES FOR SALE

240 Shannon Drive SE Bainbridge Island, WA 98110

Conveniently located on the SE corner of Bjune and Shannon Drive, this lot is currently being occupied by the USPS employees for their parking.
Conveniently located on the SE corner of Bjune and Shannon Drive, this lot is currently being occupied by the USPS employees for their parking.
This photo was shot on a Sunday when the Post Office Employees are not occupying the lot for their parking.   The view is from the driveway off Shannon Drive and facing NE toward Bjune Drive.
This photo was shot on a Sunday when the Post Office Employees are not occupying the lot for their parking. The view is from the driveway off Shannon Drive and facing NE toward Bjune Drive.
This aerial photo shows the proximity to the Post Office, the banks, Town & Country Market and the Seattle Ferry Parking lot in upper right.
This aerial photo shows the proximity to the Post Office, the banks, Town & Country Market and the Seattle Ferry Parking lot in upper right.
This aerial photo shows the close proximity to Waterfront Park and the Marina's.
This aerial photo shows the close proximity to Waterfront Park and the Marina's.
The lot is accessed via the driveway on Shannon Drive.
The lot is accessed via the driveway on Shannon Drive.
This is a 2000 survey showing Lot 7 dimensions.  We also have a copy of this in the Listing Supplementals for clearer legibility.
This is a 2000 survey showing Lot 7 dimensions. We also have a copy of this in the Listing Supplementals for clearer legibility.
NWMLS Courtesy of Windermere RE Bainbridge
240 Shannon Drive SE
Bainbridge Island, WA 98110
$1,400,000
Land
0 Beds
0.00 Baths
0 SqFt
Active
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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.

Property Features

Community: Bainbridge Island
Res-Less thn 1 Ac
Partially Cleared
Pool: Above Ground
2026 Taxes: $5936.00
Buyer Broker Comp.: 2.5%
Listing #: 2552635

Lot Details

Lot Size: 0.18 acres
Lot Dimensions: irregular
Corner Lot
Topography: Level
Road Sides: North and West
Road: Paved

Utilities

Electricity: In Street
Water: In Street
Gas: Not Available
Sewer: In Street

Community Features

Boat Launch
Park

Schools

District: Bainbridge Island
Elem: Buyer To Verify
Middle: Woodward Mid
High: Bainbridge Isl
Call or Email:
Grace Wamwere

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Information is based on data available to the associate, including county records. The information has not been verified by the associate and all information presented should be verified by the buyer. Listings are provided by Northwest Multiple Listing Service as distributed by MLS GRID. The associate represented on this web site is not a multiple listing service but is a member of a local MLS.
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