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Listed by:Windermere RE Whatcom, Inc. • Lorrie M. Dujmovich
$1,999,999
Est. payment /mo
6 Beds
3 Baths
9.6 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial Industrial
Listing Status Active
Purchase Type For Sale
Subdivision Cordata
MLS Listing ID 2511642
Style 60 - Comm Bldg Und 10K
Bedrooms 6
Year Built 1973
Annual Tax Amount $13,968
Lot Size 9.600 Acres
Lot Dimensions 331X1272
Property Sub-Type Commercial Industrial
Property Description
Bring the reasonable offers! Motivated Seller! Almost an 8% Cap rate. Unlock the potential of this rare multifamily investment with future commercial/industrial zoning expected fall of 2025. Currently generating strong income ($169K+ gross), this well-positioned property invites redevelopment with some wetlands mitigation to do—imagine storage, mixed-use, or a custom concept with city collaboration. Two curb cuts, three upgraded septic systems, Deer Creek Water rights, and a sewer stub make future expansion seamless. Seven versatile, well-kept structures include homes, shops, a barn, and a showroom. A unique chance to invest now and shape what's next. Unique opportunity to acquire a commercial and industrial development property located on the high-traffic Guide Meridian (SR 539) in Bellingham, WA. The site offers strong visibility, stable rental income, and outstanding redevelopment potential. Highlights: - Frontage: +/-331 linear feet on Guide Meridian - Site Area: - Current Use: 3 residential units, commercial showroom, manufacturing space, laydown yard - Income: Ongoing rental income offsets holding and carrying costs - Utilities: Currently served by septic and community water; public utilities planned in near future - Zoning: Suitable for a wide range of commercial or LI uses - Access & Exposure: High visibility corridor w/strong traffic counts
Location
State WA
County Whatcom
Area 860 - Bellingham
Interior
Flooring Concrete
Fireplace false
Exterior
Exterior Feature Metal/Vinyl, Stucco, Wood
Roof Type Composition,Metal
Building
Sewer Septic Tank
Water Community
Others
Senior Community No
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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