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$1,600,000
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Property Description
Excellent industrial investment properties, well positioned on Roeder Avenue at the Port of Bellingham, WA. Two metal industrial buildings with a total SF of approximately 11,000. 100% leased with three strong tenants with long term NNN leases and rent escalations. Land is leased from the Port of Bellingham on a 25 year land lease. This property offers an excellent, stable long term investment opportunity for a 1031 Exchange or a passive investor looking for a positive return on their investment. All leases are NNN with owner paying only land lease to Port of Bellingham. Five percent cap rate on current rents, with rent escalations going forward.
Full Property Details
Full Property Details for 2694 Roeder Ave
General
- Price: $1,600,000
- Taxes: $6,173 (2023)
- Status: Active
- Type: Industrial
- Source: NWMLS
- MLS ID: 2034085
- Updated: 3/6/2025
- Added to Site: 826 day(s) ago
Location
- Area: 860 - Bellingham
- County: Whatcom
- Subdivision: Downtown
- Driving Directions: From I-5: Take Exit 253 for Lakeway Dr, head west on Lakeway Dr, continue onto E Holly St, left on Central Ave, right on Roeder Ave, listing on the right.
Utilities
- Sewer: Sewer Connected
- Water: Public
Structural Information
- Structure Type: Industrial
- Exterior Const.: Metal/Vinyl
- Foundation: Slab
- Roof: Metal
- Loading: 4-6 Bays, Grade
- Office: 1,200 Sq. Ft.
- Warehouse: 9,528 Sq. Ft.
- Year Built: 1971
- Property Condition: Good
Lot Features
- Lot Size (Acres): 1.32
- Lot Size (Sq. Ft.): 57,499
- Lot Size Source: Port of Bellingham Leased Land
- Lot Dimensions: Irregular
- Lot Depth: 165
- Topography: Level
- Zoning: Industrial, Industrial-Light
Financial Considerations
- Tax Amount: $6,173.3
- Tax Year: 2023
- Terms: Cash Out, Conventional
Disclosures and Reports
- Special Conditions: See Remarks
- Surveyed: false
- Property ID: 3802251254400101
Listed by Bob Sandoz | Windermere Real Estate Whatcom | (360) 734-7500
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Schools
Schools serving 2694 Roeder Ave
School District:Bellingham School District
Rating | Name | Grades | Distance |
---|---|---|---|
2508 Utter St, Bellingham, WA 98225 | PK-5 | 0.6 mi | |
810 Halleck St, Bellingham, WA 98225 | 6-8 | 1.1 mi | |
2020 Cornwall Ave, Bellingham, WA 98225 | 9-12 | 1.4 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 2694 Roeder Ave
Date
Details
Price
Change
Source
2/07/2023
Listed
$1,600,000
70.58%
MLS
7/04/2018
Sold
$938,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 2694 Roeder Ave
Year
Property Taxes
Change
Tax Assessment
Change
2024
$3,443
41%
$420,957
34%
2024
$2,445
100%
$314,406
3%
2023
-100%
$305,248
16%
2023
$2,579
—
$263,145
—
2021
$2,590
27%
$263,145
31%
2020
$2,044
14%
$200,754
14%
2019
$1,786
-10%
$175,857
5%
2018
$1,987
15%
$167,319
10%
2017
$1,735
9%
$152,674
4%
2016
$1,599
6%
$146,450
6%
2013
$1,503
—
$137,825
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 2694 Roeder Ave
2694 Roeder Avenue, Bellingham, WA 98225 (MLS# 2034085) is a Industrial property. 2694 Roeder Avenue is currently listed for $1,600,000 and was received on February 07, 2023. Want to learn more about 2694 Roeder Avenue? Do you have questions about finding other Industrial real estate for sale in Bellingham? You can browse all Bellingham real estate or contact a Coldwell Banker agent to request more information.