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    1300 Ellis Street

    Bellingham, WA 98225
    • $550,000
    • STATUS: Pending
    • ON SITE: 35 days
    • ID#: 1798772
    Under Contract
    $550,000
    • 0
      BEDS
    • 0.08
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1924
    County:
    Area:

    School Ratings & Info

    Listing Courtesy of Exp Realty.

    Description

    Bellingham PRIME CORNER LOCATION w/ EXCELLENT VISIBILITY. Leased with established retail business through October 31, 2022 w/ potential opportunity to renew. Zero vacancy, NNN w/ a 6.7% Cap Rate. 1,800 square feet of retail and office space on main level plus 1,800+/- square feet in basement. Lakeway/Holly/Ellis intersection is the gateway to thriving Downtown Bellingham and the vibrant/new Samish Way Urban Village. Located two blocks from I-5 South and North on-ramps, close to Whole Foods, shopping and WWU. Approx $200k spent in improvements by current owner incl. HVAC, Roof, Siding, Electrical. Exterior painted June 2021. Outstanding investment opportunity in the heart of one of the Pacific Northwest's most exciting communities.

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    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Front Street Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-08-01T00:14:24.667.

    www.frontstreetrealty.com/homes/118753430
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    1300 Ellis Street Bellingham, WA 98225

    • Price: $550,000
    • Status: Pending
    • ID#: 1798772
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.08
    Acres
    1924
    Built
    Neighborhood:
    York
    County:
    Whatcom
    Area:
    Bellingham
    Property Description
    Bellingham PRIME CORNER LOCATION w/ EXCELLENT VISIBILITY. Leased with established retail business through October 31, 2022 w/ potential opportunity to renew. Zero vacancy, NNN w/ a 6.7% Cap Rate. 1,800 square feet of retail and office space on main level plus 1,800+/- square feet in basement. Lakeway/Holly/Ellis intersection is the gateway to thriving Downtown Bellingham and the vibrant/new Samish Way Urban Village. Located two blocks from I-5 South and North on-ramps, close to Whole Foods, shopping and WWU. Approx $200k spent in improvements by current owner incl. HVAC, Roof, Siding, Electrical. Exterior painted June 2021. Outstanding investment opportunity in the heart of one of the Pacific Northwest's most exciting communities.
    Exterior Features

    Carport YN No Exterior Features Wood Products Foundation Details Poured Concrete Open Parking YN No Parking Total 5 Parking Uncovered Total 5 Roof Flat Site Frontage 110 Structure Type Unspecified Style Code 60 - Comm Bldg Und 10K Topography Level

    Interior Features

    Fireplace YN No Furnished Unfurnished Heating Cooling Type Forced Air

    Property Features

    Building Features Storage Electric On Property YN No First Right Of Refusal False Gross Adjusted Income 36900 Gross Scheduled Income 36900 Irrigation Water Rights YN No Listing Terms Cash OutConventional Net Operating Income 36900 Possible Use BusinessCommercialOfficeRetail Power Production Type ElectricNatural Gas Property Condition Good Property Sub Type Commercial Industrial Sewer Sewer Connected Special Listing Conditions None Tax Annual Amount 4370 Tax Year 2021 Utilities Sewer ConnectedElectricity AvailableNatural Gas Connected Water Source Public Zoning Class BusinessCommercialOfficeRetail Zoning Jurisdiction City

    Listing information © 2021 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by Front Street Realty and should be verified by the buyer.


    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Front Street Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-08-01T00:14:24.667.

     
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    Front Street Realty
    22 NW Front Street Suite B
    Coupeville WA, 98239
    Listing Courtesy of Exp Realty.