Bought with ZNonMember-Office-MLS
$465,000
$499,000
6.8%For more information regarding the value of a property, please contact us for a free consultation.
1300 Ellis ST Bellingham, WA 98225
3,485 Sqft Lot
Key Details
Sold Price $465,000
Property Type Commercial
Sub Type Commercial Industrial
Listing Status Sold
Purchase Type For Sale
Subdivision York
MLS Listing ID 1798772
Sold Date 12/27/21
Style 60 - Comm Bldg Und 10K
Year Built 1924
Annual Tax Amount $4,370
Lot Size 3,485 Sqft
Lot Dimensions 50x60
Property Sub-Type Commercial Industrial
Property Description
Bellingham PRIME CORNER LOCATION w/ EXCELLENT VISIBILITY. Busy 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. Leased with established retail business through October 31, 2022 w/ potential opportunity to renew. ZERO vacancy for 20+/- years, 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. Exterior painted June 2021. Outstanding investment opportunity in the heart of one of the Pacific Northwest's most exciting communities.
Location
State WA
County Whatcom
Area 860 - Bellingham
Interior
Interior Features Forced Air
Fireplace false
Exterior
Exterior Feature Wood Products
Utilities Available Sewer Connected, Electric, Natural Gas Connected
Roof Type Flat
Building
Sewer Sewer Connected
Water Public
Others
Senior Community No
Acceptable Financing Cash Out, See Remarks
Listing Terms Cash Out, See Remarks
Read Less
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Jonathan Pearlstein
Global Real Estate Advisor / Designated Broker | License ID: 17157