For Sale
$1,350,000

1313 State StBellingham, WA 98225

Historic building, 8-unit potential

Overview

Added:
Feb 3
Days on market:
63
This exceptional 0.16-acre property at 1313 N State Street, Bellingham, WA, presents a unique investment opportunity. Priced at $1,350,000, this historic building sits in the heart of downtown Bellingham, enjoying high foot traffic and proximity to popular local businesses. Currently housing a tenant interested in expansion, the property offers significant upside potential. The building features two unfinished upper floors, complete with approved plans and a transferable tenant improvement (TI) permit from the City of Bellingham for conversion into an eight-unit apartment complex. This streamlined process significantly reduces the time and cost associated with obtaining necessary approvals. The ground floor boasts a fully equipped commercial kitchen, ready for immediate use or adaptation to suit a variety of businesses. The building's prime location and the potential for multi-family conversion make this a rare find in the thriving Bellingham market. This is a chance to acquire a historic property with immediate income potential and a clear path to substantial future returns. The existing tenant's desire to expand provides an immediate revenue stream while the approved plans for apartment conversion offer a lucrative long-term strategy. Don't miss this opportunity to own a piece of Bellingham's vibrant downtown.

Property Details for 1313 State St

Property type
Year Built
1913
Lot Size (sq. ft)
6,970 SF

Location Insight

City
Bellingham
County
Whatcom
State
Washington
Latitude
48.74896
Longitude
-122.4767
1313 State St, Bellingham, Washington

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1313 State St
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