Property Details
1200 Lakeway Drive
Bellingham, WA 98229
$1,890,000
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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
