For Sale
$1,500,000

4149 Northwest Ave Bellingham, WA 98226

1.63-Acre Commercial Land, High Potential

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
139
This 1.63-acre commercial property in Bellingham, WA, presents a significant redevelopment opportunity. Located near I-5, Costco, and other major amenities, the site boasts PCM2.5 zoning, allowing for diverse commercial and multi-family development. Currently generating $2,000 monthly rental income from a four-bedroom, two-bathroom house with a three-car garage and storage building, this property offers immediate cash flow while development plans are finalized. City utilities are readily accessible, with sewer connection available at the street. A completed wetland reconnaissance report confirms no wetlands on the property. Comprehensive due diligence materials are available, including lot dimensions, aerial view, legal description, preliminary title report, survey, tax records, and seller's disclosure. The property includes two buildings, spanning two stories and totaling 1,846 square feet, with three parking spaces. The asking price is $1,500,000, representing a price per square foot of $812.57 and a 1.35% cap rate based on a net operating income of $20,200. The property features a 100% occupancy rate with four tenants under a modified lease agreement. Built in 1952, this mixed-use investment offers substantial upside potential for the discerning developer. Contact for detailed information and available documentation.

Highlights

  • 1.63-acre commercially zoned lot in Bellingham, WA, near I-5, with high development potential.
  • City of Bellingham utilities available; sewer connection at street frontage.
  • Existing stormwater easement recorded with the City of Bellingham.
  • Currently generating $2,000/month rental income from an existing 4-bedroom, 2-bathroom home with a 3-car garage and storage building.
  • Comprehensive property package available, including survey, title report, and tax records.
  • Wetland overlay information available.

Property Details for 4149 Northwest Ave

Property type
Mixed-use properties, Land
Square Feet
1,846 SF
Year Built
1952
Buildings
2
Stories
2
Lot Size (sq. ft)
71,003 SF
Units
1

Location Insight

City
Bellingham
County
Whatcom
State
Washington
Latitude
48.79144599757
Longitude
-122.50898475781

FAQs

What type of property is this?
Mixed-use property - 1.63-Acre Commercial Land, High Potential
Where is the mixed-use property located?
The property is located at 4149 Northwest Ave Bellingham, WA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 1.63-acre commercially zoned lot in Bellingham, WA, near I-5, with high development potential.; City of Bellingham utilities available; sewer connection at street frontage.; Existing stormwater easement recorded with the City of Bellingham.
How can I contact the broker?
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4149 Northwest Ave
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