Property Details

1200 Lakeway Drive
Bellingham, WA 98229
$1,890,000
MLS# 2497276 courtesy of NWMLS Listing firm: Sun-Mark Real Estate Inc.

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1200 Lakeway Drive , Bellingham, WA 98229, Bellingham

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1200 Lakeway Drive , Bellingham, WA 98229, Bellingham

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Office / Retail
Property Type
4,600
Bldg Sq Ft
1945
Year Built

Property Overview

Prime commercial opportunity in the high-visibility Lakeway Drive corridor, just minutes from I-5 and major retail centers. This well-maintained building features a recently remodeled interior and is fully occupied by nine established tenants, consisting primarily of medical and wellness professionals. Current occupants include acupuncture, massage therapy, counseling services, and other healthcare-related providers, creating a cohesive and in-demand tenant mix. All units are leased, providing immediate and consistent cash flow with no vacancy. The strong concentration of medical and wellness tenants supports long-term stability and reliable occupancy. The property benefits from daily traffic counts exceeding 30,000 vehicles, offering excellent exposure and visibility. A valuable parking easement to the south enhances accessibility and convenience for both clients and staff. Located in a thriving, high-demand commercial area, this property offers steady income with long-term growth potential. Excellent visibility, a strong tenant base, and consistent income history make this a standout investment opportunity.

Property Details

Property Information

Property Type Commercial Sale
Subtype Commercial Industrial
Status Active
County Whatcom
Neighborhood Puget
Listed Apr 13, 2026

Financial Summary

Gross Scheduled Income $127,260

Building & Use

Building Sq Ft 4,600
Zoning Business,Commercial,Office
Possible Use Business, Commercial, Office
Lot Size 9,853 sqft
Year Built 1945

Exterior & Lot

Lot Size 0.23 sqft
Year Built 1945
Exterior Materials Brick, Metal/Vinyl, Wood
Sewer Available, Sewer Connected
Water Source Public
Exterior Features Brick, Metal/Vinyl, Wood

Location

City Bellingham
County Whatcom
Coordinates 48.74463, -122.45954

Additional Information

Possession Array
Listed By
Azam Nader
Sun-Mark Real Estate Inc.

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