6455 Fletcher Bay Rd, Bainbridge Island, WA 98110
54,775 SF Specialty Building Offered For Sale in Bainbridge Island, WA 98110
For Sale
Active
- Property Type
-
Specialty
- Square Feet
- 54,775 SF
Listing Contacts
Andrew Hunter
- Property Info
Property Overview
Storage 98110 offers a truly once-in-a-generation opportunity to acquire the last self-storage facility ever built on Bainbridge Island. The newly constructed 54,775 SF facility sits on 2.36 acres of land on the main through-fare 1 mile from downtown. The City of Bainbridge Island enacted a moratorium on self-storage development that has since become a permanent zoning restriction.
No new developments are feasible on the island. Rental rates will continue to rise with a fully occupied market and capped supply.
Storage 98110 is the only Class A and fully climate-controlled facility on the island.
Link to City of Bainbridge Zoning:
https://www.codepublishing.com/WA/BainbridgeIsland/html/BainbridgeIsland18/BainbridgeIsland1809.html#18.09
Over 225 new housing units will be built by 2025.
No new developments are feasible on the island. Rental rates will continue to rise with a fully occupied market and capped supply.
Storage 98110 is the only Class A and fully climate-controlled facility on the island.
Link to City of Bainbridge Zoning:
https://www.codepublishing.com/WA/BainbridgeIsland/html/BainbridgeIsland18/BainbridgeIsland1809.html#18.09
Over 225 new housing units will be built by 2025.
Property Details
- Year Built/Renovated
- 2018/2023
- Stories
- 2
- Property Subtype
- Self-Storage
- Lot Size (sq. ft)
- 102,802 SF
Highlights
- Existing Cash Flow Facility with New 2023 Built Addition
- No New Competition // Bainbridge Island Zoned Out Self-Storage
- Rental rates will continue to rise with a fully occupied market and capped supply.
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