709 Grover St Lynden, WA 98264-1851
This exceptional commercial property at 709 Grover Street, Lynden, WA, presents a unique investment opportunity. The main building offers 2,520 square feet of well-maintained office space, ideal for a variety of businesses. Features include a welcoming reception area with a waiting room, a dedicated conference room, three private offices, and a fully equipped kitchen. The building boasts updated plumbing and electrical systems, ensuring efficient and comfortable operation. Adding to its versatility, a sizable 1,100 square foot unfinished basement offers significant usable space, with a separate entry allowing for potential subleasing. The property sits on a generous 0.2-acre lot, providing ample room for expansion or redevelopment. The expansive lot presents exciting possibilities, including the construction of a mixed-use building incorporating office space on the main level and multifamily units above. Alternatively, the existing office building could be preserved, with the addition of a duplex or condominiums to the south. Enjoy breathtaking second-story views of Mount Baker, the Nooksack Valley, and the vibrant downtown Lynden area. This property is priced at $949,500 and offers significant upside potential for savvy investors.
-
Nicole L Terpstra PLLC Law Firm
2. Local commercial services (CSL): Th e purpose of the CSL zone is to provide a location for local scale retail develo pment (stores less than sixty -five thousand square feet), medical, professional and financial services. Development within this zone should focus on pedestrian connectivity to the surrounding area and
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
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
CSL · Lynden, WA2. Local commercial services (CSL): Th e purpose of the CSL zone is to provide a location for local scale retail develo pment (stores less than sixty -five thousand square feet), medical, professional and financial services. Development within this zone should focus on pedestrian connectivity to the surrounding area and
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.