2201 Cornwall Avenue, Bellingham, WA 98225

$450,000

Listing courtesy of RE/MAX Whatcom County, Inc.. Selling Office: Skyline Properties, Inc..

Sold Price
$450,000
List Price
$499,000
Status
SOLD
MLS#
1443657
Closing Date
Aug 30, 2019
Days on Market
77
Annual Tax Ammount
2230

Property Description

Incredible Location with frontage on 3 streets. Fabulous auto & foot traffic. Across from Assumption school & Bellingham H.S. Commercial Kitchen w/ hood fan & 3 compartment sink. Paved parking for 17 cars. Signage. Plenty of room to bring in Food Trucks or add on to existing building. Want to grow your present Food Business? This is the place! Need a Drive-Thru? This spot is ideal. The original Johnny's Donuts was voted #1 in Bellingham in 2013 after just 1 year in business at this location!

Additional Information

Community
Lettered Streets
Building Condition
Good
Style
60 - Comm Bldg Und 10K
Year Built
1977
# of Assigned Spaces
17
Roof
Torch Down
Tax Year
2019
Potential Terms
Cash Out, Conventional
Interior Features
Concrete
Flooring
Concrete, Vinyl
Driving Directions
I-5 to Ohio Exit. Travel West on Ohio to North on Cornwall. Property is on the left.
Net Operating Income
$16,970
Gross Adjusted Income
$19,200
Gross Scheduled Income
$19,200
Cap Rate
3.4
Total Expenses
$2,230
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