Industrial Property with Large
For Sale
$4,000,000
164 Smith, Bellingham, WA 98226
Centrally located industrial and shop space with rebuilt office and exterior storage, supported by a new 5-year lease.
Property SizeContact for details
Days on Market1088
Property Features for 164 Smith
General Information
Standard status
Active
Property subtype
Commercial
Zoning
Rural Industrial and Manufacturing
Additional Details
Cap Rate
6.5%
Highway Access
Yes
Building Details
Year Built
1970
Listing Agency:
Muljat Group
Listed By:
Troy C. Muljat
(360) 424-2100
Source:
Century21northhomes
Added: Sep 14, 2023
Changed: Sep 4
Last Checked: Sep 4 at 10:06AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Muljat Group
Investment Insights
Based on property information with market context.
This industrial property totals over 12 acres and includes industrial/shop space plus office space rebuilt this year. It also features exterior storage, including silo storage, along with a large yard area for activities that benefit from outdoor space.
Positioned centrally between Bellingham, Ferndale, and Lynden, the property offers easy access to the Canadian border or Interstate through well-traveled Guide Meridian (SR539). The site’s location supports straightforward regional connectivity for industrial and manufacturing users.
Zoned Rural Industrial and Manufacturing by Whatcom County, the property is structured for industrial and manufacturing operations that need both functional shop space and substantial exterior storage. A new 5-year lease is in place, and the offering is presented with a 6.5% cap rate, making it an income-oriented option for buyers seeking an industrial asset with an existing lease commitment.
Positioned centrally between Bellingham, Ferndale, and Lynden, the property offers easy access to the Canadian border or Interstate through well-traveled Guide Meridian (SR539). The site’s location supports straightforward regional connectivity for industrial and manufacturing users.
Zoned Rural Industrial and Manufacturing by Whatcom County, the property is structured for industrial and manufacturing operations that need both functional shop space and substantial exterior storage. A new 5-year lease is in place, and the offering is presented with a 6.5% cap rate, making it an income-oriented option for buyers seeking an industrial asset with an existing lease commitment.
Key Highlights
- More than 12 acres of industrial/shop space with office space and exterior storage
- Office space rebuilt in 2024, with exterior storage and large yard area
- Exterior storage includes silo storage
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
80
Businesses Nearby
Explore this area
Business Placement
Demographics for 98226, WA
47,011
Population
20,609
Households
2.3
Avg Household Size
40
Median Age
40%
College-Educated
95%
High-School Grad
105.8 sq mi
ZIP Area
444
Density / Sq Mi
$79,684
Median Household Income
$45,337
Median Earnings
$1,557
Median Rent
$568,400
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Centrally located industrial and shop space with rebuilt office and exterior storage, supported by a new 5-year lease.
Where is this manufacturing property located?
The property is located at 164 Smith Bellingham, WA.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: More than 12 acres of industrial/shop space with office space and exterior storage; Office space rebuilt in 2024, with exterior storage and large yard area; Exterior storage includes silo storage
