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1300 Ellis Street

Bellingham, WA 98225
  • $550,000
  • STATUS: Pending
  • ON SITE: 35 days
  • ID#: 1798772
Under Contract
UPDATED: 39 min ago
$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 Keller Williams Western Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-08-01T16:13:57.317.

www.kwbellingham.net/homes/118753430
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1300 Ellis Street Bellingham, WA 98225

  • Price: $550,000
  • Status: Pending
  • Updated: 39 min ago
  • 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 Keller Williams Western 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 Keller Williams Western Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-08-01T16:13:57.317.

 
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Keller Williams Western Realty
2211 Rimland Drive, Suite 124
Bellingham WA, 98226
Listing Courtesy of Exp Realty.