VERSATILE, INCOME GENERATING PROPERTY READY FOR REDEVELOPMENT, FOR SALE OR LEASE: 10 District 19 Water Shares! Water makes this property very valuable for development as no further shares have been issued for many years and water precludes redevelopment of most other Vashon properties. Zoning allows for individual or multi-family housing, assisted living or retirement community, mixed use commercial/residential, Section 8 Housing, professional offices, medical/dental, adult family home, event space, mobile home park, restaurant, commercial kitchen, farming/nursery, manufacturing/retail, tech business, food/beverage production, school, mixed use development and other business or residential uses. Optimal for hosting events or a retreat/conference center. +/- 4.7 flat acres (204,732 sq. ft.) zoned Industrial and Community Business with split zonings in one tax lot. Back approx. 111,868 sf. is zoned IP-SO (Industrial). 92,864 sf. is zoned CB-P-SO (Community Business). No critical areas. Approximately 300 ft. of public road frontage for great visibility and easy access. Presently the property generates significant income with a 1,475 sf building with 5 rooms for residential or commercial use, 4 additional rental units, a construction tenant, tent camping and an RV parking spot with hookups. It is connected to commercial sewer, PSE electricity, natural gas and high-speed internet. Complete plans included for a 24 unit mixed use commercial/residential development which would use only 3 of the water shares, so room for plenty of additional development. High visibility with frontage on Vashon Highway with ample parking. 20 minutes to either West Seattle, downtown Seattle or Tacoma ferries. Walking distance from downtown Vashon and the new Vashon Allied Arts Center. Adjacent to King County Metro Transit 118/119 bus lines. An outbuilding with shared laundry, an outdoor tub/spa house and outdoor picnic/kitchen shelter make the property attractive for B & B and short or long-term rentals. Separate office/apartment with kitchenette and second 3/4 bathroom on west side of main building. Slab with all utilities for travel trailer/RV/mobile. Commission paid for sale brought by real estate professional. Offers welcome. Lease to own, joint venture or owner contract possible.