710 John Nelson - Vineyard Lane Development

The Property encompasses three (3) parcels on 186,872 SF (4.29 acres), located on the east side of State Highway 305, a half mile north of the Bainbridge Island Ferry Terminal. The Property is encumbered by a 10’ trail easement for the scenic John Nelson Trail on the western edge of the property. The John Nelson Trail is directly connected to the Sound to Olympics Trail. The east side of the Property is steeply sloped down to a ravine containing a stream, which is subject to a 200’ stream buffer and 15’ setback. Thus, of the 4.29 acres, approximately 2.11 acres (92,000 SF) are developable, with measurement estimates based on publicly available data. In addition to the stream located to the east and the road located to the west, the Property is bordered to the south by an existing three-story multi-family property, and to the north by commercial businesses. A single-story LEED Gold Certified office building with mezzanine space is located on tax parcel 262502-2-137-2007. The 3,836 SF structure was built in 1987, and extensively improved in 2009, is attractive and in good condition, and is likely to remain in a future development concept as it is constructed within the boundaries of the stream buffer.