1251 Lincoln Street, Bellingham, WA 98229
- $3,300,000
Listing courtesy of Muljat Group. Selling Office: Muljat Group.
- Sold Price
- $3,300,000
- List Price
- $3,500,000
- Status
- SOLD
- MLS#
- 1880981
- Closing Date
- May 11, 2022
- Days on Market
- 371
Property Description
Fully leased commercial building located right off of Lakeway drive here in Bellingham. Close to I-5, Fred Meyer, Lark student housing and more! Built in 2015, near busy retail centers, and plenty of on-site parking for tenants and their customers. You can’t go wrong with a building that has this much exposure.
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Additional Information
- Community
- Bellingham
- Style
- 75 - Retail
- Year Built
- 2015
- # of Assigned Spaces
- 24
- Tax Year
- 2021
- Potential Terms
- Cash Out, Conventional
- Interior Features
- Heat Pump, Wall to Wall Carpet
- Flooring
- Vinyl, Carpet
- Driving Directions
- Take I-5 to Lakeway or Samish exit to Lincoln Street. Property South of Fred Meyer.
- Heating/Cooling Type
- Heat Pump
- Other Expenses
- 1984
- Energy Source
- Natural Gas
- Net Operating Income
- $196,388
- Gross Adjusted Income
- $198,372
- Gross Scheduled Income
- $206,637
- Cap Rate
- 5.61
- Vacancy Rate
- 4
- Total Expenses
- $16,610
