Bought with COMPASS
$888,000
$899,000
1.2%For more information regarding the value of a property, please contact us for a free consultation.
1.62 Acres Lot
SOLD DATE : 09/30/2022
Key Details
Sold Price $888,000
Property Type Commercial
Sub Type Commercial Industrial
Listing Status Sold
Purchase Type For Sale
Subdivision Laurel
MLS Listing ID 1975783
Sold Date 09/30/22
Style 60 - Comm Bldg Und 10K
Year Built 1954
Annual Tax Amount $5,659
Lot Size 1.620 Acres
Property Description
Commercial property ideally located on Guide Meridian, just north of Bellingham city limits offering lower B&O taxation. Two parcels included in the sale (1.62 acres total), both zoned RGC. Front parcel has 151 frontage feet with a fully leased 1560 restaurant bdg and 363 sq ft office bdg. Both properties have been well maintained. Property could be purchased for an owner/user to build out through duration of leases, or investor owner may enjoy an excellent investment income. Property has a third component of additional land in back of frontage businesses with potential for development including multifamily or storage facility. Zoning allows many uses. Many successful businesses in the neighborhood and recognized as a county hub location.
Location
State WA
County Whatcom
Area 865 - Meridian
Interior
Interior Features Forced Air, Ceramic Tile
Flooring Ceramic Tile, Vinyl
Fireplace false
Exterior
Exterior Feature Metal/Vinyl
Utilities Available Septic System, Electric, Natural Gas Connected
Roof Type Torch Down
Building
Sewer Septic Tank
Water Community, Public
Others
Senior Community No
Acceptable Financing Cash Out, Conventional, Owner Financing
Listing Terms Cash Out, Conventional, Owner Financing
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