120 Smith RdBellingham, WA 98226

Property Details for 120 Smith Rd

Year built

1976

Lot size

1.88 AC

Property size (Sq ft)

8,166 SF

Zone code

RGC

Property type

Automotive properties

APN

390225 494024 0000

APU

3902254940240000

Description

This exceptional commercial property, situated at 120 W Smith Road in Bellingham, WA, presents a unique investment opportunity. Boasting a prime location just off Guide Meridian, this 9,867 square foot property sits on 1.88 flat, usable acres zoned Rural General Commercial (RGC), allowing for diverse business applications. The property comprises seven separate spaces, ideal for generating multiple streams of rental income or housing a single large operation. In addition to the substantial indoor space, two fenced yards provide an impressive 36,700 square feet of outdoor area, perfect for storage, equipment, or expansion. The existing barn structure has undergone significant improvements, including reinforced framing and a new roof installed in 2021. This property benefits from its strategic location, offering easy access to Bellingham, Ferndale, and the Canadian border, tapping into a thriving and expanding regional market. The generous zoning and expansive footprint unlock endless possibilities for entrepreneurs and investors alike. The seller is open to considering owner financing options. The property is being sold in its current "as is" condition. This is a rare chance to acquire a substantial commercial property with significant upside potential in a highly desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $3,237,902

  6.5%

  $2,988,832

  7%

  $2,775,344

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,255,260

  Geo Method

  $3,962,973

• Alternative Use

  Use

  Valuation

  Residential

  $2,521,192

  Hospitality

  $2,309,398

  Educational

  $1,921,392

  Medical

  $1,987,472

  Retail

  $2,988,832

Location Insight

City

Bellingham

County

Whatcom

State

Washington

Latitude

48.8339

Longitude

-122.487

CBSA code

13380

CBSA name

BELLINGHAM, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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