2701 Northwest AVE, Bellingham, WA 98225
2701 Northwest AVE, Bellingham, WA 98225
2701 Northwest AVE, Bellingham, WA 98225
2701 Northwest AVE, Bellingham, WA 98225
2701 Northwest AVE, Bellingham, WA 98225
2701 Northwest AVE, Bellingham, WA 98225
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Kelly Ryan

Kelly Ryan

+1(253) 448-3362
Listed by:RE/MAX Whatcom County, Inc. • Rebecca Heathcock
$ 995,000
Est. payment | /mo

9,148 Sqft Lot

Save
$ 995,000
Est. payment | /mo
Save

9,148 Sqft Lot

Key Details

Property Type Commercial

Sub Type Commercial Industrial

Listing Status Active

Purchase Type For Sale

Subdivision Bellingham

MLS Listing ID 2540102

Style 60 - Comm Bldg Und 10K

Year Built 1925

Annual Tax Amount $3,840

Lot Size 9,148 Sqft

Property Sub-Type Commercial Industrial

Property Description

Two-story mixed-use triplex on sunny corner lot in sought-after Fountain District oozes with charm and performs at a 6% cap rate! Zoned Urban Village Commercial Transition which allows many redevelopment options - but this is no tear down. Originally built in 1925, all units have been fully updated and maintained by current owners. Commercial suite, remodeled in 2018, has welcoming front reception with 4 separate treatment rooms and a 5th room with sink which could be used for treatments or a break room. Upper level 2-bedroom apartment remodeled in 2025 with new carpet, paint and fixtures. Downstairs apartment remodeled in 2015 with new flooring installed in 2020. Property delivers a 6% cap rate with 2,376 sqft on the interior and a large graveled lot with 12 parking spots. Back patio / grotto is a perfect little secret which owners and staff use as an outdoor break room. Parcel is bigger than it looks as arborvitae hide additional lot square footage. Located within walking distance of popular shops and restaurants. Excellent traffic counts with high visibility retail presence. Owners will carry a partial loan with at least $500K down.

Location

State WA

County Whatcom

Area 860 - Bellingham

Interior

Flooring Laminate, Carpet

Fireplace false

Exterior

Exterior Feature Cement/Concrete

Roof Type Composition,Flat

Building

Sewer Sewer Connected

Water Public

Others

Senior Community No

Acceptable Financing Cash, Conventional, Owner Will Carry, See Remarks

Listing Terms Cash, Conventional, Owner Will Carry, See Remarks

Northwest MLS (NWMLS)
"Three Trees" icon indicates a listing provided courtesy of NWMLS.

Nearby Locations

Kelly Ryan

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(253) 448-3362

kelly@theharborhomes.com

Gig Harbor, WA, 98335, USA

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2701 Northwest AVE