Bainbridge Island, Washington

The Bainbridge Island Lumber Building

4566 Point White Drive NE · Owner-user · light industrial & laboratory

Offered at

$4,500,000

Delivered vacant

±4,937Square feet

2019–22Rebuilt

2022Historic register

$02026 Assessed Taxes

±1,448SF deck

VacantDelivered

This may be the only commercial waterfront building on Bainbridge Island where a private party can design, test, build, and manufacture. Just shy of 5,000 square feet, the building sits on the waterfront overlooking Rich Passage, just around the bend from Lynwood Center. Completely renovated in 2022 with Coates Design and Toilsome Construction, the building offers a convenient mix of light industrial warehouse flex space, laboratory, offices, and kitchen. Glass doors in the warehouse roll up to a comfortable deck on the Sound. Offered at $4,500,000.

Come take a look.

Book a tour

01 — Gallery

A Beautiful Restoration of a Historic Building.

Between 2019 and 2022 the historic building was taken down to the pilings and meticulously rebuilt under the City of Bainbridge Island's historic guidelines — a new structure and new systems, all while maintaining the building's historic character. It's virtually impossible to build this today.

The building from the water, deck and pilings

From Rich Passage — the deck, the pilings, and the working face of the building

The building on new pilings, full length

The conference room, with water on two sides

Open office, west end

Warehouse with glass roll-up doors open to the water

The warehouse, with the glass doors open to the water

Point White, the south end of Bainbridge Island

The lab — casework, sinks, cold storage

02 — The building

Unique on Bainbridge Island.

Rebuilt from the pilings up

New pilings, new structure, new systems, and a certificate of occupancy in hand. The work ran from 2019 to 2022.

Turnkey. Move on in.

Nothing is pending. The shoreline permit, certificate of occupancy, sewer connection, and fire monitoring were all granted and closed out, and the exterior work was reviewed under the City's historic preservation program.

On the historic register

Listed on the Bainbridge Island Register of Historic Places in 2022. The listing carries relief from setback, parking, and landscaping standards to allow the restoration.

Taxes are near zero, for now

Washington's Special Valuation subtracts the rehabilitation cost from assessed value for ten years. 2026 assessed taxes are $0 and transfers to a buyer.

±4,937 SF. Only limited by your imagination.

Warehouse, lab, offices, a kitchen, showers, and a deck over the water. Lumen fiber to the building. No tenants, no leases to assume.

Zoning

Neighborhood Center zoning permits the offices to support primary light-industrial use. Warehouse flex and lab space are supported by private offices, a conference room and an open office configuration.

Also available for lease · $39.00/SF gross ›

03 — Location & access

On the water at Pleasant Beach in Lynwood Center, Bainbridge Island, Washington.

Aerial vicinity view showing the building on Point White Drive NE at Rich Passage

The subject at 4566 Point White Drive NEAerial, July 2026

Historic storefront of the Bainbridge Island Lumber building

The storefront on Point White Drive. The sign stays.

On Rich Passage at the south end of the island.
About a 15-minute drive to the Bainbridge Island ferry terminal, and a 35-minute ferry to downtown Seattle.
The building sits higher than the street. The December 2022 king tides — a 100-year event — put no water over the front walkway.
A landmark at Lynwood Center, and the only working commercial building on this stretch of shoreline

24,631Residents · 9,887 households

$172,188Median household income

35 minTo downtown Seattle

04 — From lumber to lab

Since 1929.

1929

Lumberyard

Bainbridge Island Lumber is built at Lynwood Center, serving the south end of the island.

2019–2022

Renovation

Rebuilt under the guidance of the Historic Preservation Committee, the building was rebuilt to modern standards while honoring historic finishes.

2022

Historic status certified.

Added to the Bainbridge Island Register of Historic Places with tax relief.

Today

Flex-space with a view

Delivered vacant for an owner-user with an entrepreneurial vision.

2026 Assessed Taxes

The property tax position.

The property carries a Historic Preservation Special Valuation under RCW 84.26.

Tax relief continues for a new owner who agrees to maintain the property under the historic program for the balance of the ten-year term.

Term dates, transfer requirements, and program compliance are being confirmed with the City and the Kitsap Assessor. Buyer to independently verify with their own tax advisor.

05 — Floorplan

Warehouse east, offices west, lab in between.

Access is off Point White Drive into the warehouse at the east end through a roll-up door and a ramp to grade. The lab sits between the warehouse and the office wing. Offices make up the west end. The deck runs the length of the south side of the building. The building includes a full kitchen, bathrooms and shower facilities.

Floor plan showing warehouse, lab, offices, and the deck over the water

Area breakdown

Office2,269 SF
Lab660 SF
Warehouse2,008 SF
Total occupant area±4,937 SF
Deck1,448 SF

The deck is measured and shown separately and is not counted in the occupant area. The Kitsap County assessor shows 5,023 SF for the property.

Measured as-built 4/1/2025 under ANSI/BOMA Z65.1–2024, Method A.

East end

Warehouse — 2,008 SF

Clear volume with a ramp down to grade and glass roll-up doors that open to the deck and the water. This is the primary light-industrial use the zoning requires.

Center

Lab — 660 SF

Casework, sinks, and an open floor plan are adjacent to the warehouse. The server and electrical room are accessed here.

West end

Office — 2,269 SF

A conference room, two private offices, and an open office area, all facing the water. A kitchen, two restrooms, and shower are in the core between the warehouse and offices.

06 — Who it's for

You probably already know who belongs here.

It's easy to imagine a short list of businesses that belong here.

A distillery or brewery, with a tasting room and the deck over the Sound.

A marine trade, in a beautiful space on the water.

A shellfish or oyster company.

A furniture maker, a glassblower, or a craft roaster — chocolate, coffee, cider.

A marine-science or biotech lab that needs bench space and water access.

A design-build shop that wants a landmark address instead of a metal box.

If a name comes to mind while you read this, send them this page.

07 — Specifications

Turnkey ready.

Building size	±4,937 SF (county records 5,023 SF)
Warehouse / Lab	±2,008 SF / ±660 SF
Office (supporting)	±2,269 SF
Waterfront deck	±1,448 SF, over the water
Zoning	Neighborhood Center (legal nonconforming, light industrial)
Year built	1929 (Kitsap Assessor)
Year rebuilt	2019–2022
Historic register	2022 (PLN51072)
Utilities	City water and city sewer · Lumen fiber
Delivery	Vacant

The use is legal nonconforming under Neighborhood Center zoning, and the offices are permitted only as support to a primary light-industrial use.

08 — Next step

Where to start.

See it

Book a tour

Tour the warehouse, the lab, and the deck. Pick a time on my calendar and I'll meet you there. Feel free to check the tides first.

Book a tour

Direct calendar link

Go deep

Request additional info

Permit sets, the historic file, title, tax records, and floor plans. Tell me what you need and I'll send it.

Request additional info

Goes straight to Kelly

Also available

Prefer to lease?

If owning it isn't the right structure for you, the building is also available whole on a gross lease. See the space, the terms, and book a tour on the leasing page.

$39.00/SFGross · lease alternative

See the lease page ›

Cooperating brokers

Bring your buyer.

The listing is posted on the services below. Pull it from whichever one you work in, or call me and I'll send the package straight over.

NWMLSNorthwest MLS CommercialMLSCBA · Moody's CRE — subscribers CrexiOpen to everyone

Request additional info

Call me, or send a note.

Permit sets, the historic file, title, tax records, and floor plans are all on hand. Tell me what you'd like to see and I'll send it. Anything the seller asks me to hold back goes out under a confidentiality agreement.

206.949.3420 kelly@muldrow.net

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