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2731 Meridian St 2731 Meridian St 2,448 SF Retail Building Bellingham, WA 98225 $745,000 ($304.33/SF) 5.83% Cap Rate
Executive Summary
Excellent corner location off busy Meridian St. Fully leased stand alone building with 1,774 SF retail & 672 SF apartment above. Pole signage on Meridian St for retail space. Both spaces have separate entrances. Parking lot with 7 spaces. Additional space with alley access storage building (man door entry). Commercial zoning offers wide range of uses possible, including Airbnb rentals.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Building Size
2,448 SF
Building Class
C
Year Built
1904
Price
$745,000
Price Per SF
$304.33
Cap Rate
5.83%
NOI
$43,411
Tenancy
Single
Building Height
2 Stories
Building FAR
0.51
Lot Size
0.11 AC
Zoning
C - Commercial
Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
30/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 380224-554219-0000 | Improvements Assessment | $160,488 |
| Land Assessment | $338,558 | Total Assessment | $499,046 |
Property Taxes
Parcel Number
380224-554219-0000
Land Assessment
$338,558
Improvements Assessment
$160,488
Total Assessment
$499,046
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2731 Meridian St | 2731 Meridian St
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