Description
INVESTMENT HIGHLIGHTS:- Attractive basis: Offered at just $104/SF, this vacant 41,261 SF building presents a rare opportunity to acquire a large-format retail asset well below replacement cost.- Value-add or owner-user opportunity: With the property currently 100% vacant, investors can reposition the building to capture market rent or an owner-user can immediately occupy and benefit from SBA financing options and long-term control.- Expansive lot with ample parking: Situated on a 3.51-acre parcel with approximately 140 parking stalls (3.4/1,000 SF), the site supports a wide array of tenant or owner-occupant needs.- Low vacancy market: Bellingham’s overall retail vacancy is exceptionally low, dropping to 3.1% in Q2 2024 from 3.3% in Q1, reflecting exciting, robust demand for storefro