Description
Columbia Neighborhood 3 Unit Commercial Building. Currently leased to Checkmate Pawn @ $4,500 per month with the tenant paying all expenses including Taxes, Insurance, and Utilities, which provides an excellent rate of investment return with an 8 Capitalization Rate. The parcel of land is 9,612 SQFT. Current zoning is neighborhood Commercial which allows Mixed use Possibilities, with 2,000 SQFT of Commercial and up to 15 Apartment units. Adjacent 8 Unit Commercial Building may also be available if you are looking for a larger investment/project. The site is adjacent to iconic Yeagers Sporting Goods, located on a main North-South Arterial connecting to Downtown Bellingham. Excellent opportunity with current income & future possibilities.
Map
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