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120 Prospect Street, Bellingham, WA, USA, 98225

  • Posted: 1/11/2014 6:25:51 PM
  • -

7104

sqft (approx)

$669,000 USD

High profile office building in downtown Bellingham, opposite the iconic Whatcom Museum – Old City Hall. Prime location bordering Maritime Heritage Park, nearby Court House & scheduled redevelopment of Bellingham's waterfront. First floor fully tenanted and a 2nd floor, former 1,195 sf law office available for lease. Annual gross income currently $47,952 with a balanced tenant mix. A 6-7% CAP rate is achievable upon full occupancy. Multiple use commercial zoning allows for future project development with two adjoining lots totaling 32,234 sf - see aerial photo. Great building for mixed use, owner-occupancy or potential condo conversion.