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2694 Roeder Avenue Bellingham, WA $ 1,600,000
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$ 1,600,000 Get more info
2694 Roeder Avenue
$ 1,600,000
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2694 Roeder Avenue

Bellingham, WA, 98225
$ 1,600,000
Baths0.0

Monthly Estimate*

$ 11,176

Listed by Windermere Real Estate Whatcom
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Studio

Commercial Property for sale in Bellingham, WA

for $1,600,000. This building was built in 1971 on a lot size of 1.32.

Excellent industrial investment properties, well positioned on Roeder Avenue at the Port of Bellingham, WA. Two metal industrial buildings with a total SF of approximately 11,000. 100% leased with three strong tenants with long term NNN leases and rent escalations. Land is leased from the Port of Bellingham on a 25 year land lease. This property offers an excellent, stable long term investment opportunity for a 1031 Exchange or a passive investor looking for a positive return on their investment. All leases are NNN with owner paying only land lease to Port of Bellingham. Five percent cap rate on current rents, with rent escalations going forward.

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Commercial Active

Price

$ 1,600,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 6,173

Style

Light Indrl.

Lot Size

1.32

Year Built

1971

Town/City

Bellingham

County/Region

Whatcom

MLS | Web ID

2034085
Features
General
Sewer Sewer Connected
Possession Closing
Roof Metal
Exterior Features Metal/Vinyl
HOA 0
Year Built 1971
Topography Level
Property SubType Commercial Industrial
Tax Year 2023
County Whatcom
Net Operating Income 101121
Property Type Commercial Sale
HOA / Comm Assn N
Subdivision Name Downtown
Possible Use Industrial
Special Listing Conditions See Remarks
Status Active
Directions From I-5: Take Exit 253 for Lakeway Dr head west on Lakeway Dr continue onto E Holly St left on Central Ave right on Roeder Ave listing on the right.
City Bellingham
Buyer Agent Compensation 2.5
Senior Community Y/N N
Total Units 3
MLS Area 860 - Bellingham
Lot Size Square Feet 57499
Carport Y/N N
Street Name Roeder
Listing Terms Cash Out Conventional
Tax Annual Amount 6173.3
Property Condition Good
Public Remarks Excellent industrial investment properties well positioned on Roeder Avenue at the Port of Bellingham WA. Two metal industrial buildings with a total SF of approximately 11 000. 100% leased with th
Structure Type Industrial
Building Area Units Square Feet
Standard Status Active
Water Company City of Bellingham
Total Actual Rent 11876
Zoning Class Industrial Industrial-Light
Property Style 71 - Light Indrl.
Cap Rate 6.32
AFH 263
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Exterior
Water Source Public
Total Parking 0
Foundation Details Slab
Building Area Total 0
Lot Dimensions Irregular
Lot Size Acres 1.32
Lot Size Units Square Feet
Open Parking Y/N N
Irrigation Water Rights Y/N N
Site Frontage 472
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Interior
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Street Suffix Avenue
Living Area Units Square Feet
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Internal Only
OriginalMLSID NWM2034085
Street Number 1 2694
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* Excluded Features
List By
Bob Sandoz

Listing Agent

Windermere Real Estate Whatcom

Broker

Affordability Calculator

$11,691
Per Month
96%
4%
0%
Monthly Principal & Interest
$11,176
Monthly Property Taxes
$514
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
258624 Elementary School
258775 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
2/8/2023$1,600,000 Listed Price

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2694 Roeder Avenue, Bellingham, WA, 98225 is a Commercial Property for sale at $1,600,000 with a lot size of 1.32. 2694 Roeder Avenue is a studio with 0.0 baths and was built in 1971. The property's zip code is 98225 which is in Bellingham, WA

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