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Crescent Realty, Inc.
253-531-9400
16119 Pacific Ave. S. Spanaway WA 98387
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WA
Whatcom
Bellingham
Bellingham
98225
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WA
Whatcom
Bellingham
Bellingham
98225
1059 N State Street, Bellingham, WA, 98225
1059 N State Street, Bellingham, WA, 98225
1059 N State Street, Bellingham, WA, 98225
1059 N State Street, Bellingham, WA, 98225
1059 N State Street, Bellingham, WA, 98225
1059 N State Street, Bellingham, WA, 98225
1059 N State Street, Bellingham, WA, 98225
1059 N State Street, Bellingham, WA, 98225
1059 N State Street, Bellingham, WA, 98225
1059 N State Street, Bellingham, WA, 98225
1059 N State Street, Bellingham, WA, 98225
1059 N State Street, Bellingham, WA, 98225
1059 N State Street, Bellingham, WA, 98225
1059 N State Street, Bellingham, WA, 98225
1059 N State Street, Bellingham, WA, 98225
1059 N State Street, Bellingham, WA, 98225
1059 N State Street, Bellingham, WA, 98225
1059 N State Street, Bellingham, WA, 98225
1059 N State Street, Bellingham, WA, 98225
1059 N State Street, Bellingham, WA, 98225
1059 N State Street, Bellingham, WA, 98225
1059 N State Street, Bellingham, WA, 98225
1059 N State Street, Bellingham, WA, 98225
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$1,925,000

1059 N State Street, Bellingham, WA, 98225

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1059 N State Street, Bellingham, WA, 98225
1059 N State Street, Bellingham, WA, 98225
1059 N State Street, Bellingham, WA, 98225
1059 N State Street, Bellingham, WA, 98225
1059 N State Street, Bellingham, WA, 98225
1059 N State Street, Bellingham, WA, 98225
1059 N State Street, Bellingham, WA, 98225
1059 N State Street, Bellingham, WA, 98225
1059 N State Street, Bellingham, WA, 98225
1059 N State Street, Bellingham, WA, 98225
1059 N State Street, Bellingham, WA, 98225
1059 N State Street, Bellingham, WA, 98225
1059 N State Street, Bellingham, WA, 98225
1059 N State Street, Bellingham, WA, 98225
1059 N State Street, Bellingham, WA, 98225
1059 N State Street, Bellingham, WA, 98225
1059 N State Street, Bellingham, WA, 98225
1059 N State Street, Bellingham, WA, 98225
1059 N State Street, Bellingham, WA, 98225
1059 N State Street, Bellingham, WA, 98225
1059 N State Street, Bellingham, WA, 98225
1059 N State Street, Bellingham, WA, 98225
1059 N State Street, Bellingham, WA, 98225
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1059 N State Street, Bellingham, WA, 98225
1059 N State Street, Bellingham, WA, 98225
1059 N State Street, Bellingham, WA, 98225
1059 N State Street, Bellingham, WA, 98225
1059 N State Street, Bellingham, WA, 98225
1059 N State Street, Bellingham, WA, 98225
1059 N State Street, Bellingham, WA, 98225
1059 N State Street, Bellingham, WA, 98225
1059 N State Street, Bellingham, WA, 98225
1059 N State Street, Bellingham, WA, 98225
1059 N State Street, Bellingham, WA, 98225
1059 N State Street, Bellingham, WA, 98225

Information

Price: $1,925,000
Year Build: 1908
Square Footage: 18,150 Sq ft

Details

Address: 1059 N State Street
County: Whatcom
City: Bellingham
Neighborhood: Bellingham
Zip: 98225
State: Washington

Taxes

Property Taxes: $12,023
Tax Year: 2022

Description

The Pacific Building located in downtown Bellingham is a charming brick structure consisting of 9 apartments and two large retail spaces. This value-add opportunity is listed over a 6% cap rate trending to over 11% on conservative proforma numbers. Building has been kept up very well and appears to be structurally sound but may need seismic reinforcement in the future (URM, buyer to verify). Apartments feature tall ceilings, millwork, cozy built-ins, large windows with second story territorial views of DT Bellingham. Retail spaces pose as the most significant value-add component. Roof is 15 years old, retail spaces are sprinkled, electrical is copper with newer panels / meters, plumbing mostly original.

Location

Map

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Print Details
1059 N State Street, Bellingham, WA, 98225
The database information herein is provided from the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. © 2022 NWMLS. Updated: 22nd September, 2023 10:40 AM (UTC)
Provided by NWMLS
Listing Office: The Foundation Group LLC

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About

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Crescent Realty, Inc.
O: (253) 531-9400
E: office@crescentrealty.com
16119 Pacific Ave. S. Spanaway WA 98387

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