1300 Ellis Street
Bellingham,
WA $465,000
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.
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Listing ID1798772
Sold For$465,000$85K
StatusClosed
Sold Date12/27/2021
SqFt
3,600
Acres
0.080
CountyWhatcom
SubdivisionYork
Year Built1924
Property TypeCommercial Sale
Property Sub TypeCommercial Industrial
County
Whatcom
Price Before Reduction
550000
Price Reduction Date
2021-08-18T22:06:30+00:00
Property Sub Type
Commercial Industrial
Property Type
Commercial Sale
Subdivision
York
Year Built
1924
Approximate Office Square Feet
1800
Approximate Warehouse Manufacturing Square Feet
1800
Building Area Units
Square Feet
Building Features
Storage
Furnished
Unfurnished
Heating Cooling Type
Forced Air
Interior Features
Forced Air
Living Area Units
Square Feet
Depth Of Lot
60
Elevation Units
Feet
Exterior Features
Wood Products
Foundation Details
Poured Concrete
Lot Size Dimensions
50x60
Lot Size Square Feet
3485
Lot Size Units
Square Feet
MLS Lot Size Source
Public Records
Number Of Units Total
1
Parking Total
5
Parking Uncovered Total
5
Roof
Flat
Sewer
Sewer Connected
Sewer Company
City of Bellingham
Site Frontage
110
Structure Type
Unspecified
Style Code
60 - Comm Bldg Und 10K
Utilities
Sewer Connected, Electricity Available, Natural Gas Connected
Water Company
City of Bellingham
Water Source
Public
Country
US
MLS Area Major
860 - Bellingham
Topography
Level
Zoning Class
Business,Commercial,Office,Retail
Zoning Jurisdiction
City
Boundary Survey
false
Effective Year Built Source
Public Records
Environmental Survey
false
First Right Of Refusal
no
Free And Clear
true
Mls Status
Sold
Offers
Seller intends to review offers upon receipt
Possible Use
Business, Commercial, Office, Retail
Power Company
Puget Sound Energy
Power Production Type
Electric, Natural Gas
Preliminary Title Ordered
yes
Property Condition
Good
Show Map Link
yes
Year Built Effective
1924
Buyer Financing
Conventional
Cap Rate
6
Gross Adjusted Income
36900
Gross Rent Multiplier
15
Gross Scheduled Income
36900
Net Operating Income
36900
Possession
Closing, Tenant's Rights
Sale Type
MLS
Seller Disclosure
Provided
Special Listing Conditions
None
Tax Annual Amount
4370
Tax Year
2021
Total Actual Rent
3075
Total Monthly Triple Net
3075
Total Sqft Rented
3600
Schedule a Showing - Listing ID 1798772
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Schedule a Showing - Listing ID 1798772
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