GREAT COMMERCIAL BUILDING BELLINGHAM'S DOWNTOWN CORE
City of Bellingham designated Opportunity Zoned 4200 Sqft Commercial Building in the Core of Bellingham's Central Business District with endless opportunities. The 6700 Sqft site has unlimited potential to build with no height or parking restrictions - the sky's is the limit. Land uses include Retail, Commercial, Offices, Residential. Being in the Opportunity Zone many tax incentives such as B&O Tax Reduction, Multi-Family Tax Exemption Program for 8-12 years and Reduced Transportation Impact Fee (TIF) $1,390,000.00
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.