3205 Northwest Avenue, Bellingham, WA 98225

$675,000

Listing courtesy of RE/MAX Whatcom County, Inc..

List Price
$675,000
Status
ACTIVE
MLS#
1743497
Days on Market
214

Property Description

Columbia Neighborhood 3 Unit Commercial Building. Leased thru 9/2026 to Checkmate Pawn @ $4,500 per month with the tenant paying all expenses including Taxes, Insurance & Utilities. Excellent return on investment, 8 Capitalization Rate! Tenant willing to relocate if new Buyer plans on occupying the premises. Current zoning is neighborhood Commercial which allows Mixed use Possibilities, with 2,000 SQFT of Commercial and up to 15 Apartment units. Adjacent 8 Unit Commercial Building may also be available if you are looking for a larger investment/project. Site is adjacent to iconic Yeagers Sporting Goods, located on a main North-South Arterial connecting to Downtown Bellingham. Excellent opportunity with current income & future possibilities.

Additional Information

Community
Columbia
Building Condition
Good
Style
60 - Comm Bldg Und 10K
Year Built
1946
# of Assigned Spaces
10
Roof
Flat
Tax Year
2021
Potential Terms
Cash Out, Conventional
Flooring
Concrete
Driving Directions
Adjacent to Yeagers Sporting Goods on Northwest.
Heating/Cooling Type
Forced Air
Energy Source
Electric, Natural Gas
Net Operating Income
$54,000
Gross Adjusted Income
$54,000
Gross Scheduled Income
$54,000
Cap Rate
8
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