1326 N Commercial Street Unit #2, Bellingham, WA 98225

$525,000

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

List Price
$525,000
Status
PENDING FEASIBILITY
MLS#
2214709
Days on Market
55
Annual Tax Ammount
2357.37
Internet Provider
Comcast / Century Link

Property Description

Gorgeous commercial condo in the heart of Downtown Bellingham's Urban Village AND Opportunity Zone! Beautifully remodeled in 2015 w/ exposed brick, hardwoods, 4 mini splits (inc. A/C), front office, kitchenette, break room and 2 bathrooms. Also tons of storage in back closet & mezzanine loft. Located next to the Parkade, Bellingham's only downtown parking structure, and the Parkade plaza, where City events take place from spring to late fall, increasing foot traffic. Inside Bellingham's Downtown Historic District, Commercial Core and City Center Urban Village, offering many development incentives (zero parking, height, setback and lot size requirements) plus tax breaks. Downtown properties are rare at this price and this won't last.

Additional Information

Community
Downtown
Style
60 - Comm Bldg Und 10K
Year Built
1912
Tax Year
2024
HOA Dues
$4,050
Potential Terms
Cash Out, Conventional, Owner Financing
Interior Features
Hardwood
Flooring
Hardwood
Driving Directions
Take Lakeway Drive toward downtown Bellingham, turn right on Commercial Street. Property will be on your right just after passing the Parkade.
Other Expenses
4050
Energy Source
Electric
Buyer Agency Compensation
2.5
Net Operating Income
$28,285
Gross Scheduled Income
$34,692
Cap Rate
5.36
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