1200 Lakeway Drive Bellingham, WA $ 1,890,000
1200 Lakeway Drive
$ 1,890,000
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1200 Lakeway Drive

Bellingham, WA, 98229
$ 1,890,000
Bedrooms-- Baths--

Monthly Estimate*

$ 11,637

Listed by Sun-Mark Real Estate Inc.
1200 Lakeway Drive, Bellingham, WA 98229 - Image 1
1200 Lakeway Drive, Bellingham, WA 98229 - Image 2
1200 Lakeway Drive, Bellingham, WA 98229 - Image 3
1200 Lakeway Drive, Bellingham, WA 98229 - Image 4
1200 Lakeway Drive, Bellingham, WA 98229 - Image 5
1200 Lakeway Drive, Bellingham, WA 98229 - Image 6
1200 Lakeway Drive, Bellingham, WA 98229 - Image 7
1200 Lakeway Drive, Bellingham, WA 98229 - Image 8
1200 Lakeway Drive, Bellingham, WA 98229 - Image 9

Commercial Property for sale in Bellingham, WA

for $1,890,000. This building was built in 1945 on a lot size of 0.2262.

Prime commercial investment opportunity in the high-visibility Lakeway Drive corridor, just minutes from I-5 and major retail centers. This well-maintained, fully occupied building features a recently remodeled interior and is leased to nine established tenants, primarily consisting of medical and wellness professionals. Current occupants include acupuncture, massage therapy, counseling services, and other healthcare-related providers, creating a cohesive and highly desirable tenant mix. With 100% occupancy and all units leased, the property offers immediate and stable cash flow with no current vacancy. The strong concentration of healthcare and wellness tenants supports long-term occupancy and investment stability. The property benefits from exceptional exposure along Lakeway Drive with daily traffic counts exceeding 30,000 vehicles. A valuable parking easement to the south enhances accessibility and convenience for both clients and staff. Situated in a thriving commercial corridor with strong surrounding retail and service businesses, this property presents an outstanding opportunity for investors seeking dependable income and long-term appreciation potential. Excellent visibility, strong tenant retention, stable income history, and a fully occupied tenant roster make this a standout commercial investment opportunity.

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Commercial Active

Price

$ 1,890,000

Property Type

Commercial

Taxes

$ 0

Style

Office

Lot Size

0.2262

Year Built

1945

Town/City

Bellingham

County/Region

Whatcom

MLS | Web ID

2497276

Features
General
Living Area 0
Sewer Available Sewer Connected
Heating Baseboard Forced Air Wall Furnace
Cooling Ductless Forced Air Wall Unit(s)
Possession Closing
Roof Composition Torch Down
HOA Fee 0
Year Built 1945
Topography Level
Property Subtype Commercial Industrial
County Whatcom
Net Operating Income 104301
Property Type Commercial Sale
HOA N
Subdivision Name Puget
Possible Use Business Commercial Office
Special Listing Conditions None
Status Active
Directions I-5 exit 253 East on Lakeway Drive SE corner of Lakeway Drive and Nevada Street
City Bellingham
Senior Community Y/N N
Zoning Description Business Commercial Office
Number Of Units Total 0
MLS Area 860 - Bellingham
Lot Size Units Square Feet
Lot Size Square Feet 9853
Carport Y/N N
Listing Terms Cash Conventional
Property Condition Very Good
Public Remarks Prime commercial investment opportunity in the high-visibility Lakeway Drive corridor just minutes from I-5 and major retail centers. This well-maintained fully occupied building features a recently
Structure Type Office
Building Area Units Square Feet
Standard Status Active
Water Company City of Bellingham
Property Style 73 - Office
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Exterior
Exterior Amenities Brick Metal/Vinyl Wood
Water Source Public
Total Parking 0
Foundation Details Block Poured Concrete
Building Area Total 0
Lot Dimensions 75x131
Lot Size Acres 0.2262
Irrigation Water Rights Y/N N
Lot Number 1 & 2
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Interior
Flooring Ceramic Tile Stone Carpet
Total Fireplaces 0
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Ceiling Height 8 and 12
Power Production Type Electric Natural Gas
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Internal Only
OriginalMLSID NWM2497276
Street Number 1 1200
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* Excluded Features
List By
Azam Nader

Listing Agent

Sun-Mark Real Estate Inc.

Broker

Affordability Calculator

$11,637
Per Month
100%
0%
0%
Monthly Principal & Interest
$11,637
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
Pricing History
DatePricePrice ChangeDescription
4/13/2026$1,890,000 Listed Price

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1200 Lakeway Drive, Bellingham, WA, 98229 is a Commercial Property for sale at $1,890,000 with a lot size of 0.2262. 1200 Lakeway Drive was built in 1945. The property's zip code is 98229 which is in Bellingham, WA