Real Estate Listing # 2228536

Listing #:
- 2228536
Price:
- $1,590,000
Status:
- Active
Property Type:
- Commercial
Type:
- Comm Bldg Ovr 10K
# of Acres:
- 0.16
Year Built:
- 1925
Comm/Assn:
- Downtown
City:
- Bellingham
County:
- Whatcom
State:
- WA
Zip:
- 98225
Right of 1st Refusal:
- No

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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, Broken Up Into Main Floor, Basement, And Mezzanine, This Is A Notable Opportunity To Own Commercial Real Estate In One Of Bellingham's Most Highly Trafficked Areas. Parkade Is Located Directly Next To Building. Short Term Owner Contract Available With Minimum 45% Down.

Property Features

Cap Rate:
- - 5
Cooling Y/N:
- - Yes
Exterior Features:
- - Brick
- - Cement/Concrete
:
- - Sewer Connected
Foundation Details:
- - Poured Concrete
Gross Scheduled Income:
- - $113,604.00
Heating Y/N:
- - Yes
Insurance Expense:
- - $5,363.00
Interior Features:
- - Hardwood
- - Wall to Wall Carpet
Net Operating Income:
- - $89,034.00
Gross Adjusted Income:
- - 109060
Gross Rent Multiplier:
- - 17.37
Power Company:
- - PSE
Sewer Company:
- - City of Bellingham
Style Code:
- - 61 - Comm Bldg Ovr 10K
Total Expenses:
- - 20026
Total Monthly Triple Net:
- - 2634
Total Sq. Ft. Rented:
- - 15975
Vacancy Rate:
- - 4
Water Company:
- - Public
Water Sewer Garbage:
- - 2177
Zoning Class:
- - Commercial
Zoning Jurisdiction:
- - City
Parcel Number:
- - 3803301701470000
Possible Use:
- - Commercial
Structure Type:
- - Unspecified
Annual Tax Amount:
- - $12,486.00
Tax Year:
- - 2023
Total Actual Rent:
- - 6833
Water Source:
- - Public

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