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.

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

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