2018 Iron St
Bellingham, WA 98225
Industrial Property For Sale

Over 4,000 square foot building, complete with retail frontage and high ceiling garage with alley access. Prime location, walking distance to both downtown Bellingham & the very popular Sunnyland neighborhood. Previously leased to auto repair business, w/3 phase power & 2 large bays in back and 2,888 sq. ft. of garage space, 1,240 sq ft of retail & office space, 2 baths, plus a huge amount of above main floor storage space. Other improvements include fire suppression (sprinkler system). Currently operates as retail in front and separate 502 grow operation in back. Owner pays for only tax's & insurance with all maintenance and utilities being paid by tenants. Lease through April of 2019. Current rents are well below market for 502 business. This property has upside of 8-9% cap returns within 1 year at time of lease renewal. This is a low maintenance building with huge upsides for cash flow. Buyer to verify all information provided.