Bellingham, WA 98225 1051 N State Street

$2,230,000

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Presented By: COMPASS and NWMLS
  • Northwest Multiple Listing Service (NWMLS) - 21 - WA
  • MLS# 2265880
  • 07/16/2024
  • Get pre-approved
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Disclaimer: The information contained in this listing has not been verified by kvCORE WordPress Staging and should be verified by the buyer.

Home Details

Conveniently situated in downtown Bellingham with plenty of street and lot parking nearby, the Maple Block Building is zoned Commercial Core, allowing a variety of future uses. Well-maintained and currently offering a blend of uses: The top floor features 6 apartments, currently rented well below market. Main level houses a tattoo parlor and turn-key restaurant, Pepper Sisters, (offered with this sale) complete w/ equipment, recipes, and stellar reputation. The basement houses a small brewery and tasting room, and has 2428sqft of storage space and an alley parking spot. With long-term commercial tenants and the potential to increase rents, this property is an excellent investment opportunity! Full Offering Memorandum in supplements.
Presented By: COMPASS and NWMLS

Interior Features for 1051 N State Street

Bedrooms

Bedrooms Possible0
Bedrooms Upper

Bathrooms

Baths Full Upper0
Baths Half Upper
Baths Three Quarter Upper

Other Interior Features

Air Conditioning Y/NYes
Fireplace Y/NNo
FlooringHardwood, Vinyl Plank, Carpet
Heating Y/NYes
Power Production TypeElectric, Natural Gas
Total Fireplaces

General for 1051 N State Street

Building Area UnitsSquare Feet
Building FeaturesSignage Included, Storage
Cap Rate7
Carport Y/NNo
CityBellingham
CoolingDuctless
CountyWhatcom
DirectionsTake the Lakeway exit of I-5 and head West on Lakeway. Stay on arterial as Lakeway turns into Holly. Turn L on State St. Building will be on your Right in about 2 blocks.
Electric Expense666
Fuel Expense8591
HOANo
HOA Fee$
HeatingBaseboard, Heat Pump, Radiator
Insurance Expense6141
Listing TermsCash Out, Conventional
Lot Size Square Feet8276
Lot Size UnitsSquare Feet
MLS Area860 – Bellingham
ModificationTimestamp2025-09-02T19:16:10.491Z
NWM_ShowMapLinkY
Net Operating Income195942
PossessionClosing
Possible UseCommercial
Property ConditionVery Good
Property Style61 – Comm Bldg Ovr 10K
Property SubtypeCommercial Industrial
Property TypeCommercial Sale
Public RemarksConveniently situated in downtown Bellingham with plenty of street and lot parking nearby, the Maple Block Building is zoned Commercial Core, allowing a variety of future uses. Well-maintained and curr
RoofFlat
Senior Community Y/NNo
SewerSewer Connected
Special Listing ConditionsNone
Standard StatusActive
StatusActive
Structure TypeUnspecified
Subdivision NameDowntown
Tax Annual Amount13163
Tax Year2024
TopographyLevel
Total Actual Rent160020
Virtual TourClick here
Water CompanyCOB
Water Sewer Garbage9383
Year Built1903
Zoning DescriptionCommercial

Exterior for 1051 N State Street

Building Area Total
Exterior AmenitiesBrick
Foundation DetailsSlab
Irrigation Water Rights Y/NNo
Lot Dimensions55′ x 125
Lot Size Acres0.19
Parking Uncovered Total1
Site Frontage55
Total Parking1
Water SourcePublic

Additional Details

Price History

Josh QA1

REALTOR ® SRES ®
Price $2,230,000
MLS#2265880
List Date 07/16/2024
Property Type Commercial
Phone 925.123.4567
Get pre-approved
Request Tour
Request Info
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