323 Telegraph Road, Bellingham, WA 98226
- $5,600,000
Listing courtesy of Muljat Group.
- List Price
- $5,600,000
- Status
- ACTIVE
- MLS#
- 2554460
- Days on Market
- 11
- Annual Tax Ammount
- 30368.23
Property Description
Fully leased multi-tenant commercial building in Bellingham’s Meridian neighborhood, sitting just off the Meridian St/I-5 interchange near major retailers like Target, Marshalls, and Home Depot. Meridian Place hosts a diversified roster of medical, technology, government, and retail-service tenants including Eyes Rite Optical, Team Technology, and the U.S. Army Corps of Engineers. A long history of tenant retention reflects a stable, well-managed asset with dependable in-place income. Located on a lot with ample on-site parking and access off both Telegraph Road and McLeod Road. Plus, Meridian Street carries nearly 39,000 vehicles a day directly past the property, with I-5 running over 60,000 vehicles daily just around the corner. An attractive long-term investment opportunity and easy addition to any portfolio!
/u.realgeeks.media/rolandacarriere/header.png)
Additional Information
- Community
- Bellingham
- Building Condition
- Average
- Style
- 61 - Comm Bldg Ovr 10K
- Year Built
- 1986
- Tax Year
- 2025
- Potential Terms
- Cash, Conventional
- Driving Directions
- From 1-5 take exit 256A to WA-539 N/Meridian St. Merge onto WA-539 N/Meridian St. Turn onto Telegraph Rd. Property will be on right. Access from Telegraph Rd or McLeod Rd.
- Net Operating Income
- $366,998
- Gross Adjusted Income
- $512,131
- Gross Scheduled Income
- $539,085
- Cap Rate
- 6.55
- Vacancy Rate
- 5
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.