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Glencairn Apartments

222, Commercial St, Bellingham, WA 98225
$2,750,000

Description

Glencairn Apartments (Status: Pending)

222, Commercial St, Bellingham, WA  98225

The Glencairn Apartments were constructed in 1915 in Bellingham’s downtown commercial core in Bellingham’s designated Opportunity Zone. This 21 unit historical building recently underwent many capital improvements with major plumbing and electrical upgrades yet leaving the vintage look with claw foot tubs and built in cabinets. The heating system has been upgraded to a high efficiency gas boiler that provides heat throughout the building by vintage style radiators. The property includes on-site parking which is rare for the location as an additional revenue source. Leases are well below market rents and should easily be able to perform at a 7% cap with minor unit upgrades.

Listing Details

Asset Class: Multi-Family
Year Built: 1915
Building Total Square Feet: 16320
Available Lease Space Square Feet:
Number of Floors: 3
Total Parking Spaces: 8
Local Zoning Information: Commercial Core

CBA

Listing Courtesy of: Pacific Continental Realty, LLC

Disclaimer: The information contained in this listing has not been verified by Windermere Real Estate/Whatcom, Inc. and should be verified by the buyer.

  • Address: 222, Commercial St, Bellingham, WA 98225
  • City: Bellingham
  • State/county: WA
  • Zip/Postal Code: 98225
  • Neighborhood: Whatcom County
  • Country: United States

Detail

Updated on September 23, 2020 at 8:58 pm

  • Property ID: 626668
  • Price: $2,750,000.00/For Sale
  • Property Size: 16320 Sq Ft
  • Property Type: Multi-Family
  • Property Status: Pending

Contact info

KC Coonc
KC Coonc
360-671-5000360-305-9977

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