2731 Meridian St, Bellingham, WA 98225
For Sale
This exceptional commercial property, situated on a highly visible corner of Meridian Street in Bellingham, WA, presents a lucrative investment opportunity. The property consists of a 1,774 square foot standalone retail building, currently fully leased, and a 672 square foot apartment located above. Both the retail space and the apartment boast separate entrances, offering convenience and privacy for occupants. The retail space benefits from prominent pole signage on Meridian Street, ensuring high visibility and attracting potential customers. Seven parking spaces are conveniently located on the property, providing ample parking for tenants and customers. Adding to the property's versatility, there is an additional storage building accessible via an alley, offering extra space for various uses. The property is zoned for commercial use, allowing for a wide range of potential applications, including, but not limited to, continued retail use or even Airbnb rentals, subject to local regulations. The property's prime location, combined with its diverse features and existing tenancy, makes it an attractive investment for discerning buyers seeking a strong return on investment in a thriving Bellingham market. The asking price is $950,000. The lot size is 0 acres.
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Rector's Vacuum Shop Home Appliance Store (Bike/Boat/Book/etc) Store
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Chignik Regional Aguaculture Charitable Organization Social Service Agency
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2021Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CC · Bellingham, WABellingham. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.