4781 Meridian St is a $2,900,000 home located in Bellingham, WA.
This property is an excellent investment opportunity with a working storefront. The property has the benefit of TWO curb cutouts, 336 Feet of frontage, up to date septic, and water rights to Deer Creek Water association. New ownership would have the opportunity to work in the front of the property and live in the rear! There are 7 leasable buildings onsite. This includes 3 RESIDENTIAL dwellings, 2 shop spaces, 1 “barn”, and a showroom. All spaces are either owner user or currently on MTM leases Current market gross rent is $170,000 annually Current Cap rate at 5.5% Property would be perfect for an industrial redevelopment in the future
Bank Or REO
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