Property Details
13111327 11th Street
Bellingham, WA 98225
$3,433,015
Active
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Property Overview
Huge price reduction gives you a true 8% Cap Rate based on actual #s. This reflects the single unit currently vacant plus we deducted an additional 5% vacancy rate on top of that just to keep the underwriters happy. Or, you can assume the underlying mortgage (approx $1.28M) at 4.125% FIXED for the next 5 years. That is cheap money! Don't miss this chance to own a piece of historic downtown Fairhaven. 8 street-level commercial/retail condos split between the Waldron & Young Buildings encompassing Finnegan's Alley. Multiple addresses. 91.5% occupied. Total 19,820 sq feet with 14,275 rentable. All leases include escalations and are NNN. All #s are actual, not pro-forma. 8% cap rate. View units with discretion only. Do not disturb tenants. Sale also includes some underground parking rights.
Property Details
Property Information
Property Type
Commercial Sale
Subtype
Commercial Industrial
Status
Active
County
Whatcom
Neighborhood
Fairhaven
Listed
Apr 7, 2026
Original Price
$3,950,000
Parcel Number
3702011290740021
Tax & HOA
HOA Fee
$1/not applicable
Financial Summary
Cap Rate
6.75%
Net Operating Income
$297,977
Building & Use
Building Sq Ft
19,820
Zoning
Business,Commercial,Office,Retail
Possible Use
Business, Commercial, Office, Retail
Lot Size
14,275 sqft
Year Built
2008
Exterior & Lot
Lot Size
0.33 sqft
Year Built
2008
Sewer
Sewer Connected
Water Source
Public
Community & Access
Directions
I5 exit to Old Fairhaven Parkway. Right on 12th. Properties on left.
Location
City
Bellingham
County
Whatcom
Coordinates
48.71958, -122.50309
Additional Information
Possession
Array
Based on information submitted to the MLS GRID as of June 1, 2026 11:08 AM. 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, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
