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
- 46
- 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.
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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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