716 Alabama St $1,875,000

    Close

    716 Alabama St Bellingham, WA 98225

    • 0.46 Acres
    • Commercial/Industrial
    Listing# 1528882 | Active
    Days On Market: 8 4 Views
    Add to Favorites Share

    Go Tour This Home

    Schedule A Showing

    Property Details

    Rare single-tenant, triple net leased property for sale. The former Lee’s Drive-In has been fully renovated to the Filling Station! The current tenant has 2 stores along with several Avenue Bread locations and is an experienced restaurant operator. The property is well located on a busy corner of Alabama and James St. The site has been occupied for over 50 years! Located across from Trader Joes, this investment is highly desirable. The property also includes a long-term lease with a cell tower.

    • General Features
      • County Whatcom
      • Approx Building SqFt 3,060
      • Approx Office SqFt 0
      • Approx Whse/Mfg SqFt 0
      • Zoning Class Commercial
      • Style 60-Comm Bldg Und 10K
      • Total Covered Parking 0
      • Total Uncovered Parking 25
      • Zoning Jurisdiction City
    • Building Features
      • Exterior Brick
      • Heating and Cooling Forced Air, Heat Pump
    • Property Features
      • Depth of Lot 0
      • Site Frontage 0
      • Water-Sewer-Garbage 0
      • Sewer Sewer Connected
      • Energy Source Electric, Natural Gas
      • Number of Available Pads 0
      • Lot Square Footage 19,998
    • Financials
      • Vacancy Rate 2
      • Total SqFt Rented 0
      • Total Monthly Rent $0
      • Gross Rent Multiplier 20
      • Cap Rate -NOI div LP 4.86
      • Gross Scheduled Income $93,528
      • Gross Adjusted Income $91,657
      • Total Expenses $0
      • NOI $91,199
      • Electrical Expenses $0
      • Tax Expense $6,662
      • Heating Expense $0
      • Insurance Expense $0
      • Other Expenses $458
      • Tax Year 2019
      • Annual Assoc. Dues $0

    Contact

    Neighborhood

    98225 (Bellingham) Demographics

    29Median Age
    3,901Population Density (per sq. mile)
    52%College Educated
    $40,370 Estimated Median Income
    7,991Estimated Total Home Owners
    11,632Estimated Total Renters
    41% / 59%Estimated Owner / Renter Divide
    0Estimated Average Household Size
    49,240Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $480,000 Median Sales Price
    37 Homes Sold
    0 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $1,875,000
        10/8/2019 4:01:00 PM New in Database Source

        Payment Calculator

        $0 per month
        Year Fixed, Interest
        Principal and Interest
        $0
        Property Taxes
        Homeowners' Insurance

        Home Price
        Down Payment
        *This Payment Calculator is intended for educational and planning purposes only.

        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.