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Property profile

215 Marine Dr Blaine, WA 98230

OFF-MARKET
Investment properties
Property ID
US90-1436309
18,884 SF Built 1980
Entity Owned 13-yr Hold Free & Clear

Property summary

AI-generated overview

This exceptional commercial property, located at 215 Marine Drive in Blaine, Washington, presents a unique investment opportunity. The property encompasses two commercial buildings offering a blend of office and retail spaces, ideally situated on the picturesque marina boardwalk. Enjoy breathtaking views of the marina and passing sailboats while conducting business. The strategic location provides convenient access to Interstate 5 and the US/Canada border, offering significant advantages for businesses seeking regional or international reach. While the exact square footage is not currently specified, potential buyers are encouraged to conduct their own due diligence to determine the precise dimensions of each building and the total usable space. The property is offered at $2,195,000. The land encompasses zero acres, indicating the buildings are likely situated on a leasehold or are part of a larger development. Prospective buyers are responsible for verifying all information provided, including but not limited to, zoning regulations, building permits, and any existing leases or agreements. This is an exceptional opportunity to acquire a well-positioned commercial property in a vibrant waterfront location. The property's proximity to major transportation routes and the international border presents significant potential for growth and profitability. Serious inquiries are encouraged to conduct thorough due diligence before making an offer.

Property profile

Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 1980
Total area 18,884 SF
Zoning code CBW
APN 405101 360530 0048
UPID US90-1436309

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Dental Office
  • Dental Office
  • Freight Service Logistics Company

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$3.69M
Comparable Approach Comparable
$3.40M
Blend (final) Blend
$3.33M

Owner & transaction history

since 2013
6 recorded transactions
2024
Price N/A
2024
Price N/A
2013
$914,620
2002
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

CBW · Blaine, WA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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