Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    2731 Meridian St Bellingham, WA 98225

    Sponsored
    For Sale
    $950,000

    High-return retail investment, fully leased.

    Property size:
    2,448 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Bellingham investment opportunity presents a fully leased, two-story storefront at 2731 Meridian St, boasting 2,448 square feet of net rentable space. Built in 1904, this mixed-use property features 1,774 square feet of retail space and a 672 square feet apartment above, each with its own separate entrance. The asking price is $950,000. The property sits on a 4,791 square foot lot and benefits from a prime corner location on busy Meridian Street, providing excellent visibility. A prominent pole sign on Meridian Street enhances the retail space's marketing potential. Seven parking spaces are available on the property. An additional storage building with alley access, featuring a man door entry, provides extra utility. The property is zoned commercial, offering a wide array of potential uses, including the possibility of Airbnb rentals. This three-unit building is a strong investment opportunity in a desirable Bellingham location. The Whatcom County property (APN: 3802245542190000) offers a compelling combination of established income and future development potential. The property's location in Bellingham, WA, zip code 98225, ensures easy access to local amenities and a thriving community.

    Property Features for 2731 Meridian St

    General Information

    Property type
    Individual retail properties
    Square Feet
    2,448 SF

    Building Details

    Year Built
    1904
    Stories
    2
    Units
    3

    HighLights

    • $950,000 asking price for a mixed‑use storefront property.
    • 2,448 square feet, net rentable, with three units.
    • Located at 2731 Meridian St, Bellingham, WA 98225.
    • Features a 1,774 SF retail space and a 672 SF apartment, both with separate entrances.
    • Includes a 7‑space parking lot and additional storage with alley access.
    Property Profile Location Intelligence

    Current Use by Public Records

    Rector's Vacuum Shop Vacuum Cleaner Store Chignik Regional Aguaculture Non-Profit Organization

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bellingham
    County
    Whatcom
    State
    Washington
    Longitude
    -122.4863654
    Latitude
    48.7667593

    Nearby Similar for Sale

    • $4,300,000
      41,261 SF

      Large Vacant Retail Building

      Value-add opportunity in a low vacancy market.
      1650 Birchwood Ave, Bellingham, WA 98225
      View Details
    • $2,500,000
      5,567 SF

      Downtown Bellingham Office Building

      Office building with developable lot and bay views.
      215 Prospect St, Bellingham, WA 98225
      View Details
    • $1,600,000
      1,431 SF

      Gas Station Convenience Store Opportunity

      Turnkey gas station with convenience store in a prime location.
      2730 Meridian St, Bellingham, WA 98225
      View Details
    • $3,100,000

      Brewery Landmark Location For Sale

      Landmark brewery property with beer garden and expansion potential.
      1107 Railroad Ave, Bellingham, WA 98225
      View Details
    • $7,800,000
      47,807 SF

      Bellingham Industrial Property For Sale

      Single-tenant, NNN leased property near I-5 in central Bellingham.
      2000 Kentucky St, Bellingham, WA 98229
      View Details
    • $1,700,000
      10,019 SF

      Old Town Bellingham Development Opportunity

      Prime site in revitalizing corridor, ideal for development/commercial use.
      1310 G St, Bellingham, WA 98225
      View Details
    • $79,900
      1,248 SF

      Spacious Mobile Home in Bellingham

      Updated mobile home in premier park, convenient location, motivated seller.
      1200 Lincoln St, Bellingham, WA 98229
      View Details
    • $499,950
      1,264 SF

      Versatile Commercial Space on Holly

      High-visibility commercial property with flexible zoning in Old Town Bellingham.
      1012 W Holly St, Bellingham, WA 98225
      View Details
    • $11,500,000
      12,388 SF

      Retail Strip Center For Sale

      Multi-tenant retail center with drive-thru in a major retail hub.
      102 West Stuart Rd, Bellingham, WA 98226
      View Details
    • $6,700,000
      7,696 SF

      Move-in Ready Medical Facility

      Fully equipped medical facility near PeaceHealth St. Joseph Medical Center.
      2500 Squalicum Pkwy, Bellingham, WA 98225
      View Details
    • $1,350,000

      High Clearance Commercial Building

      Versatile commercial building with shop, office, and service space.
      2108 Pacific St, Bellingham, WA 98229
      View Details
    • $2,590,000
      8,872 SF

      Architectural Award-Winning Acme Building

      Art Deco-inspired building with commercial kitchen and rooftop deck.
      1011 Harris Ave, Bellingham, WA 98225
      View Details

    FAQs

    What type of property is this?
    Individual retail property - High-return retail investment, fully leased.
    Where is this individual retail property located?
    The property is located at 2731 Meridian St Bellingham, WA.
    What is the asking price?
    The asking price for this property is $950,000.
    What are key features of this property?
    This property features: $950,000 asking price for a mixed-use storefront property.; 2,448 square feet, net rentable, with three units.; Located at 2731 Meridian St, Bellingham, WA 98225.
    Request Owner's contact information
    2731 Meridian St Bellingham, WA 98225
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2731 Meridian St
    Bellingham, WA 98225
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2731 Meridian St Bellingham, WA 98225
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.