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Listed by:RE/MAX Whatcom County, Inc. • Rebecca Heathcock
$ 950,000
Est. payment | /mo
9,148 Sqft Lot
$ 950,000
Est. payment | /mo
9,148 Sqft Lot
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 Columbia neighborhood oozes with charm and performs at a 5.6% cap rate! Buy to operate your business out of the commercial suite and offset the cost to own with $2,950 in income from the residential units (both leased at market rate through August 2027). 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 3 separate offices (or treatment rooms) and a 4th 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. Large graveled parking lot has room for 14 cars. Zoned Urban Village Commercial Transition which provides preferred zoning. 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, or use the SBA 504 loan through WECU and put as little as 10% down with lower interest rates.
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
Virtual Tour https://youtu.be/CGNy4JQ5o4M
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