Property Details

3710 Meridian Street

Bellingham, WA 98225

$5,800,000

Available

CBA# 691623 courtesy of CBA Listing firm: Real Estate 2000 Corp.

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I’d like more information about 3710 Meridian Street, Bellingham, MLS# 691623

Commercial

Property Type

29,118

Bldg Sq Ft

9.00%

Cap Rate

1993

Year Built

Property Overview

2024 Financials: Gross Income $966,842, Net Income $579,169, CAP Rate 10%2023 Financials: Gross Income $1,041,944, Net Income $508,265, CAP Rate 8.8%2022 Financials: Gross Income $1,150,279, Net Income $577,745, CAP Rate 10%Discover The Exceptional 71-Room Bellis Inn Hotel, A Prime Investment Opportunity In Beautiful Bellingham, Washington, Now On The Market For A New Low Price Of $5,800,000! This Property, Offered By A Retiring Operator, Stands Out As A Higher-Quality Property Compared To Notable Brands Such As Red Lion, Best Western And Other Comparable Flags.The Bellis Inn Features 36 Single Rooms, 32 Double Rooms, And 3 Handicap-Accessible Rooms, For Added Potential, The Property Includes A Currently Inactive Spa Room With A Shower And Jacuzzi, Ready To Be Revitalized For Guest Enjoyment.Recent Renovations In 2023/2024, Totaling An Estimated $390,000, Have Elevated The Quality Of Every Room, Ensuring A Fresh And Modern Stay For Visitors. With Interior Corridors And A Convenient 3-Story Layout Serviced By An Elevator, This Property Provides Accessibility And Comfort For All. Guests Can Enjoy A Continental Breakfast Daily From 6:00 AM To 9:30 AM In A Cozy 24-Seat Meeting Room.Winter Rates Are Competitively Priced At $80 For Single Rooms And $95 For Doubles, With Seasonal Increases Of 10% In Spring And 30% In Summer, Maximizing Profitability. The Property Also Boasts 75 Parking Spaces, A 16-Camera Security System, And A Prime Location Close To The Airport, Canadian Border, And Local Colleges, Making It An Ideal Choice For Business And Leisure Travelers Alike.Don't Miss Out On This Opportunity To Own This Meticulously Maintained, profitable Hotel In Growing Bellingham!