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Listed by:RE/MAX Whatcom County, Inc. • Rebecca Heathcock
$ 995,000
Est. payment /mo
New
2701 Northwest Bellingham, WA 98225
9,148 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial Industrial
Listing Status Active
Purchase Type For Sale
Subdivision Bellingham
MLS Listing ID 2540102
Style 60 - Comm Bldg Und 10K
Year Built 1925
Annual Tax Amount $3,840
Lot Size 9,148 Sqft
Property Sub-Type Commercial Industrial
Property Description
Two-story mixed-use triplex on sunny corner lot in sought-after Fountain District oozes with charm and performs at a 6% cap rate! Zoned Urban Village Commercial Transition which allows many redevelopment options - but this is no tear down. Originally built in 1925, all units have been fully updated and maintained by current owners. Commercial suite, remodeled in 2018, has welcoming front reception with 4 separate treatment rooms and a 5th room with sink which could be used for treatments or a break room. Upper level 2-bedroom apartment remodeled in 2025 with new carpet, paint and fixtures. Downstairs apartment remodeled in 2015 with new flooring installed in 2020. Property delivers a 6% cap rate with 2,376 sqft on the interior and a large graveled lot with 12 parking spots. Back patio / grotto is a perfect little secret which owners and staff use as an outdoor break room. Parcel is bigger than it looks as arborvitae hide additional lot square footage. Located within walking distance of popular shops and restaurants. Excellent traffic counts with high visibility retail presence. Owners will carry a partial loan with at least $500K down.
Location
State WA
County Whatcom
Area 860 - Bellingham
Interior
Flooring Laminate, Carpet
Fireplace false
Exterior
Exterior Feature Cement/Concrete
Roof Type Composition,Flat
Building
Sewer Sewer Connected
Water Public
Others
Senior Community No
Acceptable Financing Cash, Conventional, Owner Will Carry, See Remarks
Listing Terms Cash, Conventional, Owner Will Carry, See Remarks
"Three Trees" icon indicates a listing provided courtesy of NWMLS.