1200 Lakeway Dr - Medical FOR SALE


Bellingham, WA 98229- Samish Hill
$1,890,000 USD
360-733-3700
1200 Lakeway Dr, Bellingham, WA for Sale
$1,890,000 USD
Medical - FOR SALE
1/4
null | 5% Cap Rate

1200 Lakeway Dr
Bellingham, WA 98229
Samish Hill


OVERVIEW

Prime commercial investment opportunity in the high-visibility Lakeway Drive corridor, just minutes from I-5 and major retail centers. This well-maintained, fully occupied building features a recently remodeled interior and is leased to nine established tenants, primarily consisting of medical and wellness professionals. Current occupants include acupuncture, massage therapy, counseling services, and other healthcare-related providers, creating a cohesive and highly desirable tenant mix. With 100% occupancy and all units leased, the property offers immediate and stable cash flow with no current vacancy. The strong concentration of healthcare and wellness tenants supports long-term occupancy and investment stability. The property benefits from exceptional exposure along Lakeway Drive with daily traffic counts exceeding 30,000 vehicles. A valuable parking easement to the south enhances accessibility and convenience for both clients and staff. Situated in a thriving commercial corridor with strong surrounding retail and service businesses, this property presents an outstanding opportunity for investors seeking dependable income and long-term appreciation potential. Excellent visibility, strong tenant retention, stable income history, and a fully occupied tenant roster make this a standout commercial investment opportunity.

FOR SALE DETAILS

PRICE

$1,890,000 USD

PRICE/SF

$315 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1979

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,583 SF

ZONING

PC

APN/PARCEL ID

380332-123506-0000

ASK ABOUT THIS PROPERTY

Azam NaderSun-Mark Properties IncMore Info
360-733-3700

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Azam NaderSun-Mark Properties IncMore Info
360-733-3700

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