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    FOR SALE
    Retail properties & Spaces

    2731 Meridian St, Bellingham, WA 98225

    2,448 SF 0.11 ac lot Built 1904
    Individually Owned 3-yr Hold
    Property ID
    US90-0130045
    2731 Meridian St, Bellingham, WA 98225 For Sale
    $745,000 2,448 SF
    2731 Meridian St, Bellingham, WA 98225
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    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Use group SERVICE SHOP (TV, ELECTRIC, PLUMBING)
    Year built 1904
    Total area 2,448 SF
    Lot 0.11 ac (5,001 SF)
    Zoning code CC
    APN 380224 554219 0000
    UPID US90-0130045
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Rector's Vacuum Shop Home Appliance Store (Bike/Boat/Book/etc) Store
    • Chignik Regional Aguaculture Charitable Organization Social Service Agency
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    James Jones Valentine · 3 yrs held
    James Jones Valentine
    since 2023
    Last sale
    $460,000
    3 recorded transactions
    2023
    $460,000
    1999
    $255,947
    1969
    Zoning & alternative use
    CC · Bellingham, WA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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