The Bainbridge Island Lumber building on its pilings over the water at Point White Drive
For sale · Bainbridge Island, Washington

Rebuilt from the pilings up.

The Bainbridge Island Lumber building on Point White Drive — a working waterfront landmark, permitted to make things on the water. Delivered vacant.
Offered at
$4,500,000
4566 Point White Drive
Owner-user · light industrial & lab
01 — The building

History you can insure.

Everyone on the island knows the Bainbridge Island Lumber building — the low gray landmark on Point White with the old sign still over the door. It is for sale for the first time in a generation, and it is not what it looks like.

Behind the historic face, the building is new. It was taken down to the shoreline and raised again on fresh pin-piles, with a current certificate of occupancy and a structure built to carry another hundred years. You get a piece of island history without the risk that usually comes with one.

Historic registerRebuilt from the pilingsDelivered vacant
Historic storefront and sign
Warehouse volume
Supporting offices
Waterfront deck
02 — From lumber to lab
A century on the water, rebuilt for the next one.

The lumber years

For generations this was Bainbridge Island Lumber — a working waterfront yard where the island came for its lumber and its paint. The sign over the door is part of the island's memory, and it stays.

In October 2022 the building was added to the Bainbridge Island Register of Historic Places, which is what protects the façade and carries the tax advantage below.

The building today

Between 2019 and 2022 it was rebuilt from the pilings up: new structure, new systems, a lab, open warehouse volume, supporting offices, a kitchen and showers, and a deck out over the water.

It came back with its entitlements in hand — shoreline permit, certificate of occupancy, a new sewer connection, and fire-alarm — the kind of approvals that cannot be reproduced on this shoreline today at any price.

Early 1900s
The lumber yard

Bainbridge Island Lumber, a landmark on Point White Drive.

2019–22
Rebuilt from the pilings

New pin-piles, structure, and systems behind the historic face.

Oct 2022
Historic register

Added to the Bainbridge Island Register of Historic Places.

Today
Vacant & ready

Delivered empty for flex, lab, and production.

Ownership advantage
$0
2026 taxable value

The historic rehabilitation nearly erases the property tax.

Because this is a rehabilitated historic property, Washington's Special Valuation program (RCW 84.26) subtracts the cost of the rehabilitation from assessed value. The parcel's 2026 taxable value is $0. The benefit runs a ten-year term and continues for a new owner who signs on to maintain the property under the program.

Buyer to confirm the remaining term and transfer requirements with Kitsap County and their own tax advisor.
03 — Who it's for

You already know who belongs here.

The zoning is the whole point. This is not an office building — it is permitted to make things, on the water, which almost nothing else on the island is. So picture the island business that should be here:

The distillery or brewery, with a tasting room and a deck over the Sound.
The boatwright or marine trade, back on the water where the work belongs.
The shellfish or oyster company, with its name where the lumber sign is now.
The furniture maker, glassblower, or craft roaster — chocolate, coffee, cider.
The marine-science or biotech lab that needs a real bench and water access.
The design-build shop that wants a landmark address, not a metal box.
If a name came to mind — send them this page.
04 — Gallery
The building, the water, and the deck. More to come.
Warehouse volume
Historic storefront
Supporting offices
Waterfront deck over Puget Sound
Aerial of the site on the shoreline
05 — The rebuild
Down to the tideline, then back up.
Structure and pilings
01

Structure & pilings

Taken to the tideline and rebuilt on new pin-piles, engineered by the record structural engineer.

Warehouse volume
02

Warehouse volume

Open, flexible production space — the heart of the building's working use.

Lab and offices
03

Lab & offices

A lab and supporting offices, with a kitchen and showers — everything a working crew needs.

Waterfront deck
04

The deck

A deck out over Puget Sound — the reason a tasting room or a lunch table here sells itself.

06 — Specifications
Building area±4,937 SFZoningNeighborhood Center (legal nonconforming, light industrial)
Warehouse±2,008 SFOffice±2,269 SF
Lab±660 SFWaterfront deck±1,448 SF, over the water
Year rebuilt2019–2022Historic register2022 (PLN51072)
DeliveryVacantParking / power / clear heightTo be confirmed
Areas measured per BOMA (as-built, 2025); Kitsap County records the building at 5,023 SF. Buyer to verify.
Primary

Book a tour

See the building and stand on the deck. Private walkthroughs by appointment.

Schedule a walkthrough
Secondary

Ask a question

Anything you want to know before you come out.

Send a note
Tertiary

The brochure

Download the overview. The full offering memo and financials are available to qualified buyers under a confidentiality agreement.

Download the brochure →
Kelly MuldrowCCIM · WINDERMERE COMMERCIAL
kelly@muldrow.net · 206.949.3420
Windermere Commercial · Bainbridge Island, WA
Information believed reliable but not guaranteed; buyer to verify all figures and conditions. No income or cap-rate figures are published here by design — the offering memorandum is available to qualified buyers under a confidentiality agreement. · Draft for internal review — cover/hero photo pending.