Provided by NWMLS, Listed by Jan Johnson, 206-842-5626 at Windermere RE Bainbridge

$1,400,000

240 Shannon Drive SE, Bainbridge Island WA, 98110

Price per sqft$178.55

Lot size0.18 Acres

Property typeLand

Overview

Active

Listed Jul 13, 2026

Updated 1h ago

A rare opportunity to acquire a prime, income-generating Winslow corner lot near the Waterfront Park, Yacht Club, Senior Center, restaurants, shopping and Seattle Ferries. Call listing agent for a copy of local architect Charlie Wenzlau's feasibility sketch, representing potential for a 4-story/16 unit apartment complex which includes an additional 7-units of offsite parking. This coveted low maintenance location is currently occupied as a USPS parking lot, so enjoy your strategic land bank investment which is backed by a secure ground lease paying out a 4.11% annual return (plus tax reimbursement), while making use of your time with designs, local governance zoning decisions and permits over the next few years. (CORE/Town Centr/Madison Overlay on the COBI website).

Additional information

MLS^® ID: 2552635

Exterior Features

Lot Size: 0.18 Acres

Other Property Details

Taxes: $5,936
Tax Frequency: Annually
55+/Senior Community: No

Provided by NWMLS, Listed by Jan Johnson, 206-842-5626 at Windermere RE Bainbridge

The IDX display presents information sourced from the Northwest Multiple Listing Service as of 9/26/2026. The data is intended for personal, non-commercial use and should not be used for any other purpose except to identify potential properties for purchase. While the MLS data displayed is generally deemed reliable, it is NOT guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. The property locations displayed on any map are merely best approximations and exact locations should be independently verified. Based on information submitted to the MLS GRID as of 9/26/2026 at 9:28 PM UTC . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Data last updated on 9/26/2026 at 9:28 PM UTC

Compass