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412 Front St 6,202 SF 100% Leased Retail Building Lynden, WA 98264 $1,744,900 CAD ($281.34 CAD/SF) 6.24% Cap Rate
INVESTMENT HIGHLIGHTS
- Historic Downtown
- Stable Tenant
- Updated in 2019
EXECUTIVE SUMMARY
412 Front Street in vibrant Downtown Lynden offers a unique investment opportunity. This historic building, originally built in 1912 and fully remodeled in 2019, houses Symmetrie Salon in the main floor commercial space and two beautiful 1-bedroom apartments upstairs. The code compliant remodel completely refurbished the building while keeping it's historic charm. Fantastic leasing history (Symmetrie with a lease until 2027 + 6 years of extension options) located in Lynden’s trendiest and most vibrant commercial corridor. Easy customer parking along Front Street and constant pedestrian traffic, this location will be a longstanding staple of the community. Historic district property tax discount active through 2029! Buyer to verify program.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
6,202 SF
Building Class
B
Year Built/Renovated
1912/2018
Price
$1,744,900 CAD
Price Per SF
$281.34 CAD
Cap Rate
6.24%
NOI
$108,882 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.78
Lot Size
0.08 AC
Zoning
HBD
Frontage
22’ on Front St.
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Symmetrie
- Professional, Scientific, and Technical Services
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Symmetrie | Professional, Scientific, and Technical Services | - | - | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 400320-264320-0000 | Improvements Assessment | $737 CAD |
| Land Assessment | $218,724 CAD | Total Assessment | $219,461 CAD |
PROPERTY TAXES
Parcel Number
400320-264320-0000
Land Assessment
$218,724 CAD
Improvements Assessment
$737 CAD
Total Assessment
$219,461 CAD
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412 Front St
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