1058 N State St - Auto Repair FOR SALE


Bellingham, WA 98225- Downtown Bellingham | 
$875,000 USD
360-421-3616
1058 N State St, Bellingham, WA for Sale
$875,000 USD
Auto Repair - FOR SALE
1/27
null | Request Cap Rate

1058 N State St
Bellingham, WA 98225
Downtown Bellingham


HIGHLIGHTS

  • Zoned Urban Village - Commercial/ Retail/ Multifamily Residential
  • Plans available for 7 Unit Apartment Building
  • Location is Minutes from Wester Washington University - between Bellingham and Fairhaven

OVERVIEW

Downtown Bellingham development opportunity. This highly visible 23,958-square-foot (0.55-acre) parcel is located along North State Street, a primary arterial connecting downtown Bellingham and Fairhaven, just minutes from Western Washington University. Downtown Commercial Core zoning permits multifamily residential, commercial and mixed-use development. Current zoning establishes no maximum residential density, building height, setbacks or lot coverage. Preliminary analysis indicates potential for approximately 90–110 residential units. A conceptual 100-unit project could include 24 studios, 50 one-bedroom, 22 two-bedroom and 4 three-bedroom apartments. Taller or more compact construction may support additional units. Bellingham’s elimination of automobile parking minimums provides further design flexibility. The property is currently improved with an approximately 1,600-square-foot, three-bay automotive repair shop, currently operating as a Pay to Park, Parking Lot. Buyers may consider utilizing the existing structure or pursuing complete redevelopment. Historical automotive and service-station uses should be considered during environmental and development feasibility review. All development concepts and unit estimates are preliminary and subject to independent verification with the City of Bellingham and appropriate consultants......................Owner financing may be considered for a qualified buyer.............

FOR SALE DETAILS

PRICE

$875,000 USD

PRICE/SF

$540 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Downtown Bellingham Development Opportunity

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

ADD'L SUBTYPES

Convenience Store, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.55 AC

LAND SF

23,958 SF

ZONING

CC

APN/PARCEL ID

3803311445530000

ASK ABOUT THIS PROPERTY

Gabrielle BaloliaRE/MAX Whatcom County, IncMore Info
360-421-3616

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Gabrielle BaloliaRE/MAX Whatcom County, IncMore Info
360-421-3616

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.