300 Front Street, Lynden, WA 98264
- $957,000
Listing courtesy of RE/MAX Whatcom County, Inc.. Selling Office: Windermere Real Estate Whatcom.
- Sold Price
- $957,000
- List Price
- $957,000
- Status
- SOLD
- MLS#
- 1390829
- Closing Date
- Feb 28, 2019
- Days on Market
- 45
- Annual Tax Ammount
- 5539
Property Description
Great opportunity to own extremely well-maintained commercial building in prime Lynden location! 6 % cap rate! Currently 4 leases in place with another soon-to-be lease in place, all with 3% annual rent increases. This is the ideal downtown location for business exposure, right on the corner of Front Street & Third Street.
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Additional Information
- Community
- Lynden
- Style
- 75 - Retail
- Year Built
- 1915
- Tax Year
- 2018
- Interior Features
- Forced Air
- Driving Directions
- From Hannegan, heading north, turn left (west) on Front Street. Building is on the corner of Front Street and Third Street.
- Net Operating Income
- $58,910
- Gross Scheduled Income
- $74,196
- Water/Sewer/Garbage Expenses
- $6,396
- Cap Rate
- 6.1
- Total Expenses
- $15,285
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