1051 N State St, Bellingham, WA 98225
- $2,050,000
Listing courtesy of COMPASS. Selling Office: RE/MAX Whatcom County, Inc..
- Sold Price
- $2,050,000
- List Price
- $2,050,000
- Status
- SOLD
- MLS#
- 2464206
- Closing Date
- Oct 23, 2025
- Days on Market
- 0
- Annual Tax Ammount
- 13163
Property Description
Conveniently situated in downtown Bellingham with plenty of street and lot parking nearby, the Maple Block Building is zoned Commercial Core, allowing a variety of future uses. Well-maintained and currently offering a blend of uses: The top floor features 6 apartments, currently rented well below market. Main level houses a tattoo parlor and turn-key restaurant, Pepper Sisters, (offered with this sale) complete w/ equipment, recipes, and stellar reputation. The basement houses a small brewery and tasting room, and has 2428sqft of storage space and an alley parking spot. With long-term commercial tenants and the potential to increase rents, this property is an excellent investment opportunity! Full Offering Memorandum in supplements.
Additional Information
- Community
- Downtown
- Style
- 61 - Comm Bldg Ovr 10K
- Year Built
- 1903
- # of Assigned Spaces
- 1
- Roof
- Flat
- Tax Year
- 2024
- Electric Expenses
- 666
- Other Expenses
- 11611
- Energy Source
- Electric, Natural Gas
- Net Operating Income
- $152,983
- Gross Adjusted Income
- $201,104
- Gross Scheduled Income
- $201,104
- Water/Sewer/Garbage Expenses
- $9,383
- Cap Rate
- 7.46
- Total Expenses
- $48,213
Based on information submitted to the MLS GRID as of . 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 noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.