328 Madison AveBainbridge Island, WA 98110

This exceptional 0.38-acre commercial land parcel, located at 328 Madison Ave N, Bainbridge Island, WA 98110, presents a unique development opportunity. Currently zoned Central Core, the property boasts 1,335 square feet and offers significant upside potential. The City of Bainbridge Island is actively pursuing a zoning change, promising increased development flexibility. Preliminary indications suggest potential for a 55-foot height restriction and a 2.5 Floor Area Ratio (FAR). This translates to substantial buildable square footage, making it highly attractive for developers seeking to capitalize on the strong demand for multi-family housing on Bainbridge Island. The property's prime location and the anticipated zoning changes combine to create a compelling investment prospect with significant future value. The asking price for this exceptional development opportunity is $1,200,000. This single-story lot is ready for your vision. Don't miss this chance to secure a piece of Bainbridge Island's thriving real estate market. Act now to take advantage of this rare opportunity.