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204 W Holly St
Bellingham, WA 98225
Holly Street Office · Office Property For Sale
Executive Summary
Situated in Bellingham’s Commercial Core, this turn-key space is perfect for office or retail use. The building was remodeled recently and has a large kitchenette and ADA bathrooms. The main floor is mostly open with some private office space. The mezzanine level in the front has a large conference room that looks out onto Holly St. The mezzanine level at the back has several small offices and some open space. Great window exposure, lots of light, bring your ideas. Located across from Black Sheep and Camber. Excellent owner user opportunity or the investor looking for a long-term hold property. $7,622 pm net lease in place until 11-2-26 which can be bought out. The building does have a connection option at the back of the building to 1313 Commercial Street, a 19,156 sq ft office building, which is also for sale.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
4,500 SF
Building Class
C
Year Built
1890
Price
$1,770,085 CAD
Price Per SF
$393.35 CAD
Cap Rate
7.05%
NOI
$124,791 CAD
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
2,250 SF
Building FAR
2.07
Lot Size
0.05 AC
Opportunity Zone
Yes
Zoning
CC
Property Taxes
| Parcel Number | 380330-147168-0000 | Improvements Assessment | $590,431 CAD |
| Land Assessment | $356,362 CAD | Total Assessment | $946,793 CAD |
Property Taxes
Parcel Number
380330-147168-0000
Land Assessment
$356,362 CAD
Improvements Assessment
$590,431 CAD
Total Assessment
$946,793 CAD
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