1111 W Holly Street Bellingham, WA $ 1,950,000
1111 W Holly Street
$ 1,950,000
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1111 W Holly Street

Bellingham, WA, 98225
$ 1,950,000
Baths0.0

Monthly Estimate*

$ 12,960

Listed by Windermere Real Estate Whatcom
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Studio

Commercial Property for sale in Bellingham, WA

for $1,950,000. This building was built in 1979 on a lot size of 0.3444.

Fully leased 9,090 two story office building with secure parking garage and wide open views south across Bellingham Bay offered at 5.8% cap rate. This office building has been cared for by an attentive owner and is in terrific condition with newer paint, membrane roof, extensive interior remodeling and independent HVAC in each suite. Recent PSE audit added all LED lights for efficiency. Tenant mix is a very good cross section providing insulation against shifting market conditions. Building enjoys 27 total parking spaces, 18 of which are in the secured parking garage, along with several parking spaces on the street. The location of this building cannot be beat given its proximity to downtown, the waterfront and the core neighborhoods.

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Commercial Active

Price

$ 1,950,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 0

Style

Comm Bldg Und 10K

Lot Size

0.3444

Year Built

1979

Town/City

Bellingham

County/Region

Whatcom

MLS | Web ID

2044549

Features
General
Interior Features Wall to Wall Carpet
Sewer Sewer Connected
Heating Baseboard Heat Pump
Cooling Wall Unit(s)
Possession Closing Tenant's Rights
Roof See Remarks
Exterior Features Wood
HOA 0
Year Built 1979
Topography Sloped
Property SubType Commercial Industrial
Tax Year 2022
County Whatcom
Net Operating Income 113132
Property Type Commercial Sale
HOA / Comm Assn N
Subdivision Name Downtown
Possible Use Commercial
Building Features Disabled Access Elevator Signage Included Storage
Special Listing Conditions None
Status Active
Directions Northbound I-5 exit 253 head W on Lakeway Drive continue on to W Holly Street Building is 1.5 miles from I-5 on the S side of W. Holly Street.
City Bellingham
Buyer Agent Compensation 2.5
Senior Community Y/N N
MLS Area 860 - Bellingham
Lot Size Units Square Feet
Lot Size Square Feet 15000
Carport Y/N N
Street Name Holly
Listing Terms Cash Out Conventional
Property Condition Good
Public Remarks Fully leased 9 090 two story office building with secure parking garage and wide open views south across Bellingham Bay offered at 5.8% cap rate. This office building has been cared for by an attenti
Structure Type Unspecified
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Water Company COB
Zoning Class Commercial
Property Style 60 - Comm Bldg Und 10K
Cap Rate 5.8
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Interior
Flooring Carpet
Total Fireplaces 0
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Street Suffix Street
Bedrooms Possible 0
Power Production Type Electric
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Exterior
Water Source Public
Total Parking 27
Foundation Details Poured Concrete
Building Area Total 0
Lot Dimensions 150*100
Lot Size Acres 0.3444
Covered Spaces 18
Open Parking Y/N N
Irrigation Water Rights Y/N N
Site Frontage 150
Parking Uncovered Total 9
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Internal Only
OriginalMLSID NWM2044549
Street Number 1 1111
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* Excluded Features
List By
Jason Loeb

Listing Agent

Windermere Real Estate Whatcom

Broker

Affordability Calculator

$12,960
Per Month
100%
0%
0%
Monthly Principal & Interest
$12,960
Monthly Property Taxes
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Monthly Home Insurance
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Default based on a 30-year fixed rate of 6.99% 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
3/14/2024$1,950,000 -4.88% Price Down
3/13/2023$2,050,000 Listed Price

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1111 W Holly Street, Bellingham, WA, 98225 is a Commercial Property for sale at $1,950,000 with a lot size of 0.3444. 1111 W Holly Street is a studio with 0.0 baths and was built in 1979. The property's zip code is 98225 which is in Bellingham, WA