$995,000
2701 Northwest Avenue, Bellingham, WA 98225
2,376 Sq Ft
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MLS #2540094 / Listing provided by NWMLS & RE/MAX Whatcom County, Inc..

$995,000

2701 Northwest Avenue
Bellingham, WA 98225

Active 1 day ago
2,376
Sq Ft
$419
Per Sq Ft
1925
Year Built

Two-story mixed-use triplex on sunny corner lot in sought-after Fountain District oozes with charm and performs at a 6% cap rate! Zoned Urban Village Commercial Transition which allows many redevelopment options - but this is no tear down. Originally built in 1925, all units have been fully updated and maintained by current owners. Commercial suite, remodeled in 2018, has welcoming front reception with 4 separate treatment rooms and a 5th room with sink which could be used for treatments or a break room. Upper level 2-bedroom apartment remodeled in 2025 with new carpet, paint and fixtures. Downstairs apartment remodeled in 2015 with new flooring installed in 2020. Property delivers a 6% cap rate with 2,376 sqft on the interior and a large graveled lot with 12 parking spots. Back patio / grotto is a perfect little secret which owners and staff use as an outdoor break room. Parcel is bigger than it looks as arborvitae hide additional lot square footage. Located within walking distance of popular shops and restaurants. Excellent traffic counts with high visibility retail presence. Owners will carry a partial loan with at least $500K down.

Disclaimer: The information contained in this listing has not been verified by Hawkins-Poe Real Estate Services and should be verified by the buyer.

Interior Features

Bedrooms

  • Upper Level Bedrooms: 0

Fireplaces

  • Total Fireplaces: 0

Heating & Cooling

  • Heating: Yes
  • Cooling: No
Exterior Features

Parking

  • Garage Spaces: 0
  • Parking Total: 12
  • Total Uncovered Parking Spaces: 12

Structure

  • Roof: Flat
  • Exterior Features: Cement/Concrete
  • Foundation: Poured Concrete

Lot Details

  • Lot Features: Corner Lot
  • Acres: 0.21
  • Foundation: Poured Concrete
Area Features

Schools

  • High School District: Bellingham
  • High School: Bellingham High
  • Middle School: Shuksan Mid
  • Elementary School: Columbia Elem

Lot Details

  • Lot Features: Corner Lot
  • Acres: 0.21
  • Foundation: Poured Concrete
Utilities

Power

  • Energy Source: Electric, Natural Gas
  • Power Company: PSE

Water, Sewer, and Garbage

  • Sewer Company: City of Bellingham
  • Sewer: Sewer Connected
  • Water Company: City of Bellingham
  • Water, Sewer, and Garbage: 0
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