120 W Smith Rd $686,000

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    120 W Smith Rd Bellingham, WA 98226

    • 1.88 Acres
    • Commercial/Industrial
    Listing# 1370312
    SOLD 9/20/2019

    $686,000

    Days On Market: 19 0 Views
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    Property Details

    NEW ANCHOR TENANT 7.6% ACTUAL CAP RATE! 1.8 acre commercial zoned property in prime location. This diverse property has many potential income streams- Office, Shop, Storage, Parking. Property features 7 spaces totaling 9,867 sq ft + 2 Fenced Yards. Potential to house multiple small businesses, one large business, and/or shop/storage rentals. Yards bring in addtl income as R/V, Boat, Auto, Semi truck, Equipment storage, or utilize for business operations.

    • General Features
      • County Whatcom
      • Zoning Class Business, Commercial, Retail
      • Zoning Jurisdiction County
      • Style 60-Comm Bldg Und 10K
      • Approx Building SqFt 9,867
      • Approx Whse/Mfg SqFt 0
      • Approx Office SqFt 0
      • Total Uncovered Parking 0
      • Total Covered Parking 0
      • Lot Dimensions 325x205
    • Building Features
      • Exterior Wood Products
      • Foundation Slab
      • Roof Composition, Metal
      • Floor Covering Concrete, Vinyl
      • Features Leased Fixtures, Storage
      • Heating and Cooling Baseboard, Insert
    • Property Features
      • Lot Square Footage 81,893
      • Depth of Lot 325
      • Site Frontage 205
      • Environment Survey N
      • Water-Sewer-Garbage 90
      • Sewer Septic
      • Energy Source Electric
      • Power Company PSE
      • Number of Available Pads 0
    • Financials
      • Vacancy Rate 0
      • Total SqFt Rented 9,867
      • Total Monthly Rent $5,130
      • Gross Rent Multiplier 0
      • Cap Rate -NOI div LP 7.60
      • Gross Scheduled Income $61,554
      • Gross Adjusted Income $0
      • Total Expenses $0
      • NOI $55,179
      • Electrical Expenses $70
      • Tax Expense $3,255
      • Heating Expense $0
      • Insurance Expense $100
      • Annual Assoc. Dues $0
      • Other Expenses $0
      • Tax Year 2018

    Neighborhood

    98226 (Bellingham) Demographics

    39Median Age
    389Population Density (per sq. mile)
    43%College Educated
    $56,280 Estimated Median Income
    10,274Estimated Total Home Owners
    6,020Estimated Total Renters
    63% / 37%Estimated Owner / Renter Divide
    2Estimated Average Household Size
    41,740Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $407,500 Median Sales Price
    52 Homes Sold
    0 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- New in Database Source
        9/20/2019 12:00:00 AM Sold Source New Value: $686,000
        9/17/2019 12:22:13 PM Status Changed Source New Value: Pending
        8/28/2019 4:51:27 PM Status Changed Source New Value: Pending Feasibility

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        This property search is part of the Reliance Network website. Listing information is courtesy of the WA-NWMLS and Reliance Network. Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2019. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental Information has not been verified by agent and should be verified by buyer.