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Bellis Inn

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Bellis Inn

3710 Meridian Street, Bellingham, WA 98225
Hotel/Motel For Sale Available Built 1993 3 floors Zoning: C
Asking Price
$5,800,000
Total Building29,118 SF
Available29,118 SF avail
Land46,670 SF land
ConstructionFramed
MarketWhatcom County
CountyWhatcom

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Overview

Property ID
281130
Listing ID
691623
Type
Hotel/Motel
Asset Class
Hotel/Motel
Zoning
C

Description

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 Gu

Listing Courtesy of:

DH
David Hilbert
Real Estate 2000 Corp.
6320 Evergreen Way Ste. 211,
Everett, WA 98203-4565
State: WA City: Bellingham ZIP: 98225 Type: For Sale

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