4781 Meridian St, Bellingham, WA 98226
- $2,900,000
Listing courtesy of Saratoga Commercial R.E..
- List Price
- $2,900,000
- Status
- ACTIVE
- MLS#
- 2168730
- Days on Market
- 55
- Annual Tax Ammount
- 13230
- Bank Owned
- Yes
Property Description
This property is an excellent investment opportunity with a working storefront. The property has the benefit of TWO curb cutouts, 336 Feet of frontage, up to date septic, and water rights to Deer Creek Water association. New ownership would have the opportunity to work in the front of the property and live in the rear! There are 7 leasable buildings onsite. This includes 3 RESIDENTIAL dwellings, 2 shop spaces, 1 “barn”, and a showroom. All spaces are either owner user or currently on MTM leases Current market gross rent is $170,000 annually Current Cap rate at 5.5% Property would be perfect for an industrial redevelopment in the future
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Additional Information
- Community
- Guide Meridian
- Style
- 71 - Light Indrl.
- Tax Year
- 2023
- Potential Terms
- Conventional
- Driving Directions
- Going north on meridian st. Past the Walmart, on the left where the sign will read "countertops for less"
- Buyer Agency Compensation
- 2
- Gross Scheduled Income
- $169,408
- Cap Rate
- 5.5
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