490 South State Street – Bellingham, WA

490 South State Street #692796
Status: Available
Bellingham Bay Views – Front Row – South Hill – Fairhaven – UnParalleled Location,Location, Location – Luxury Condominium Site Supporting Condominiums Values in the $1.7M – $2.7M Range – Existing 16 Unit Fixer-Upper Apartment Building – Cash Flow – Enjoy the Rental income now, with the idea…Sooner-or-later this site will most likely be the home to some of Bellingham’s Finest Luxury Condominiums. Property is versatile, many directions new ownership could go with this situation: repair, rebuild or redevelop. Currently Self-Managed with the focus on ease of operating vs Highest Net Return with Highest Rent. Location supports rents in the $2.16 per SQFT range – these 16 Units average rent is $1.68 per SQFT. Zoned for Unlimited Condominiums.

Flyer(s):

• 490 S State Non Disclosure Agreement (NDA)
• Current Floor Plan
• 490 S State St Flyer

Listing Courtesy of: RE/MAX Whatcom County, Inc. – Keith Cook (#7133)

Commercial Listings
Disclaimer: The information contained in this listing has not been verified by Muljat Commercial and should be verified by the buyer.