1232 N State Street, Bellingham, WA 98225
- $1,475,000
Listing courtesy of Saratoga Commercial R.E.. Selling Office: Muljat Group.
- Sold Price
- $1,475,000
- List Price
- $1,650,000
- Status
- SOLD
- MLS#
- 2523536
- Closing Date
- Aug 21, 2026
- Days on Market
- 29
Property Description
Prime Downtown Bellingham Investment and Future Development Opportunity LAG # Rare offering in the heart of downtown Bellingham. 5,500 SF fully occupied, 2-tenant building located within the downtown urban village zoning and within a designated Opportunity Zone. Current NOI reflects an 8% CAP. Anchor tenants IKI Izakaya Bar and Accomplice are part of the strongest retail block of Bellingham! Other businesses include Old World Deli, The Racket, GreenHouse, Buffalo Exchange, Makeworth Coffee, Pedino, Bry’s Kitchen and Rock & Rye.
Additional Information
- Community
- Downtown
- Style
- 60 - Comm Bldg Und 10K
- Year Built
- 1894
- Roof
- Torch Down
- Potential Terms
- Cash, Conventional
- Flooring
- Concrete
- Driving Directions
- GPS
- Energy Source
- Natural Gas, Wood
- Net Operating Income
- $132,000
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