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Slide Mt Lodge 7471 Mt Baker Hwy 2,464 SF 3% Leased Retail Building Maple Falls, WA 98266 $600,000 ($243.51/SF) 6% Cap Rate
Investment Highlights
- Tourist attracted area with Mt Baker Ski area only 30 minutes away. Summer traffic is even busier with hiking around Mt Baker, Silverlake campgrounds.
Executive Summary
Open to a 1-5 year lease. At $2,200/month rental. Restaurant only. Side building would be a little more. Structure is old growth framing. It has been completely remodeled. All electric and plumbing has been redone. The building and septic is structurally up to date as a commercial restaurant. This building is solid. Currently being used as a successful Air BNB under Slide Mt Lodge. Can be redeveloped to a multi-family . Garage can be a storage unit or be covereted to a house. 3 % interest 10 % percent down. Only if im carrying the contract $550,000 sold for.Renovated in 2009. Building has been built in 1910 . No mold or rot.
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,464 SF
Building Class
C
Year Built/Renovated
1910/2009
Price
$600,000
Price Per SF
$243.51
Cap Rate
6%
NOI
$36,000
Percent Leased
3%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.06
Lot Size
1.00 AC
Zoning
STC - Small Town Commercial Whatcom Zoning Code 20.61
Parking
20 Spaces (8.12 Spaces per 1,000 SF Leased)
Frontage
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 400630-310111-0000 | Improvements Assessment | $193,226 |
| Land Assessment | $160,000 | Total Assessment | $353,226 |
Property Taxes
Parcel Number
400630-310111-0000
Land Assessment
$160,000
Improvements Assessment
$193,226
Total Assessment
$353,226
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Tim Moore
Slide Mt Lodge | 7471 Mt Baker Hwy
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