114 W Holly, Bellingham, WA 98225

$1,895,000

Listing courtesy of COMPASS.

List Price
$1,895,000
Status
ACTIVE
MLS#
2045676
Days on Market
13
Annual Tax Ammount
12486

Property Description

Prime Bellingham real estate located in the heart of Downtown, you will find this iconic building, formerly known as the Sportsman's Chalet. Tons of natural light, vaulted ceilings, exposed brick, and hard wood floors; this building offers exceptional Bellingham charm. With 14,500sf of space, this is a notable opportunity to own commercial real estate in one of Bellingham's most highly trafficked areas.

Additional Information

Community
Downtown
Style
61 - Comm Bldg Ovr 10K
Year Built
1925
Roof
Flat
Tax Year
2023
Potential Terms
Cash Out, Conventional
Interior Features
Hardwood, Wall to Wall Carpet
Flooring
Hardwood, Carpet
Driving Directions
From I-5 exit on Lakeway Drive headed west, bear to the right on Holly Street, follow until you cross Cornwall, property on the right.
Energy Source
Electric, Natural Gas
Buyer Agency Compensation
2.5
Net Operating Income
$89,034
Gross Adjusted Income
$109,060
Gross Scheduled Income
$113,604
Water/Sewer/Garbage Expenses
$2,177
Cap Rate
4.7
Vacancy Rate
4
Total Expenses
$20,026
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