716 Alabama St

    Bellingham, WA 98225
    • $1,875,000
    • STATUS: Active
    • ON SITE: 11 days
    • ID#: 1528882
    UPDATED: 54 min ago
    $1,875,000
    • 0
      BEDS
    • 0.46
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1975
    County:
    Area:

    School Ratings & Info

    Listing Courtesy of Muljat Group.

    Description

    Rare single-tenant, triple net leased property for sale. The former Lees 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.

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    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Shook Home Group Keller Williams are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2019-10-20T12:14:29.133.

    www.shookhomegroup.com/homes/99713234

    716 Alabama St Bellingham, WA 98225

    • Price: $1,875,000
    • Status: Active
    • Updated: 54 min ago
    • ID#: 1528882
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.46
    Acres
    1975
    Built
    Neighborhood:
    Bellingham
    County:
    Whatcom
    Area:
    Bellingham
    Property Description
    Rare single-tenant, triple net leased property for sale. The former Lees 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.
    Exterior Features

    Exterior Brick Lot Depth 0 Lot Topography And Vegetation Level Site Frontage 0 Style 60 - Comm Bldg Und 10K Total Covered Parking Spaces 0 Total Uncovered Parking Spaces 25 Waterfront Footage 0

    Interior Features

    Building Sq Ft 3060 Heating And Cooling Forced AirHeat Pump Office Sq Ft 0 Total Sq Ft Rented 0

    Property Features

    Assessed Value Improvements 0 Assessed Value Land 0 Assessed Value Total 0 Assessed Value Year 0 Available Pads 0 Bank Owned No Boundary Survey 4.86 Electrical Expenses 0 Energy Source ElectricNatural Gas EPSEnergy 0 Form17 Provided General Zoning Classification Commercial Gross Adjusted Income 91657 Gross Rent Multiplier 20 Gross Scheduled Income 93528 Heating Expenses 0 Hers Index 0 Home Owner Dues 0 Insurance Expenses 0 Net Operating Income 91199 Other Expenses 458 Possession Closing Power Service Amps 0 Right Of First Refusal No Sewer Sewer Connected Tax Amount 6662 Tax Year 2019 Terms Cash OutConventional Third Party Approval Required None Total Expenses EXP 0 Total Expenses TEX 0 Total Monthly Rent 0 Vacancy Rate 2 Water Sewer Garbage 0 Water Source Public Zoning Jurisdiction City

    Listing information © 2019 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by Shook Home Group Keller Williams and should be verified by the buyer.


    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Shook Home Group Keller Williams are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2019-10-20T12:14:29.133.

     
    Shook Home Group Keller Williams
    7525 28th Street West
    University Place WA, 98466
    Listing Courtesy of Muljat Group.