Bought with: Muljat Group
$1,475,000
$1,650,000
10.6%For more information regarding the value of a property, please contact us for a free consultation.
1232 N State ST Bellingham, WA 98225
10,454 Sqft Lot
Key Details
Sold Price $1,475,000
Property Type Commercial
Sub Type Commercial Industrial
Listing Status Sold
Purchase Type For Sale
Subdivision Downtown
MLS Listing ID 2523536
Sold Date 08/21/26
Style 60 - Comm Bldg Und 10K
Year Built 1894
Lot Size 10,454 Sqft
Property Sub-Type Commercial Industrial
Property Description
Prime Downtown Bellingham Investment and Future Development Opportunity LAG # Rare offering in the heart of downtown Bellingham. 5,500 SF fully occupied, 2-tenant building located within the downtown urban village zoning and within a designated Opportunity Zone. Current NOI reflects an 8% CAP. Anchor tenants IKI Izakaya Bar and Accomplice are part of the strongest retail block of Bellingham! Other businesses include Old World Deli, The Racket, GreenHouse, Buffalo Exchange, Makeworth Coffee, Pedino, Bry's Kitchen and Rock & Rye.
Location
State WA
County Whatcom
Area 860 - Bellingham
Interior
Flooring Concrete
Fireplace false
Exterior
Roof Type Torch Down
Others
Senior Community No
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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