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4040 Meridian St 504 SF Retail Building Bellingham, WA 98226 $1,700,000 ($3,373.02/SF)
Investment Highlights
- Fully improved site with all city services in place
- Excellent proximity to I-5 and major retail, service, and employment centers
- Traffic counts of approximately 38,000 VPD
- Rare infill redevelopment opportunity in a high-demand trade area
Executive Summary
Prime 1.07-acre commercial redevelopment opportunity fronting Meridian Street, Bellingham’s premier north–south arterial. Fully improved site with all city services, excellent visibility, and access within the Planned Commercial zone allowing a broad range of uses. Currently improved with a drive-through and former U.S. Bank kiosk-style building offering interim use potential. Located in the heart of the Meridian Commercial Corridor with nearly 38,000 VPD and excellent proximity to I-5 and major amenities. Seller financing available to qualified buyers with reasonable time for feasibility. Priced just above assessed value. - Restrictive covenant prohibits bank use.
Property Facts
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Building Size
504 SF
Building Class
C
Year Built
1987
Price
$1,700,000
Price Per SF
$3,373.02
Tenancy
Single
Building Height
1 Story
Building FAR
0.01
Lot Size
1.07 AC
Zoning
PC - Planned Commercial
Parking
7 Spaces (13.89 Spaces per 1,000 SF Leased)
Frontage
143’ on Meridian Street
Amenities
- Drive Thru
Nearby Major Retailers
Property Taxes
| Parcel Number | 380318-022507-0000 | Improvements Assessment | $122,974 |
| Land Assessment | $1,419,783 | Total Assessment | $1,542,757 |
Property Taxes
Parcel Number
380318-022507-0000
Land Assessment
$1,419,783
Improvements Assessment
$122,974
Total Assessment
$1,542,757
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