Bought with RE/MAX Whatcom County, Inc.
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Key Details
Sold Price $1,080,000
Property Type Commercial
Sub Type Commercial Industrial
Listing Status Sold
Purchase Type For Sale
Subdivision Bellingham
MLS Listing ID 2004321
Sold Date 03/29/23
Style 60 - Comm Bldg Und 10K
Year Built 2005
Annual Tax Amount $6,782
Lot Size 0.380 Acres
Lot Dimensions 150 X 111
Property Description
Possible 8+ Cap Rate. Newer 5,560 SQFT Commercial Building Near Bellis Fair Mall. Possible E-Z Owner Financing. $280K down, start rate of 4.25% interest & $3,500 Monthly Payments (OAC). Current Single Use tenant can pay $5,560 per month. Ideally Month-to-Month Tenant would stay until 4/26. Then adjust to fair market rent - (closer $8,340 per month). Tenant pays all utilities. 5,660 total SQFT in 2 sections: 4,000 SQFT Office/Retail (80'X50') & 1,560 SQFT Retail/Warehouse/Shop ( 40'X40'). See photos for building diagram. High Ceilings, Natural Light & 2 Baths. 16'X10' Exterior Garage Door, 2 10'X10' Interior Roll-up's Doors connecting the 2 spaces. Easy conversion for Multiple Tenants. Street parking & private parking lot for 10 cars.
Location
State WA
County Whatcom
Area 860 - Bellingham
Interior
Interior Features Forced Air, Laminate, Laminate Hardwood, Wall to Wall Carpet
Flooring Laminate, Carpet
Fireplace false
Exterior
Exterior Feature Cement/Concrete
Roof Type Composition
Building
Sewer Sewer Connected
Water Public
Others
Senior Community No
Acceptable Financing Cash Out, Conventional, Owner Financing
Listing Terms Cash Out, Conventional, Owner Financing
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