3710 Meridian Street Bellingham, WA 98225 – Bellis Inn

Bellis Inn (Status: Available) 6999000

3710, Meridian Street, Bellingham, WA  98225

2023 Financials: Gross Income $1,016,000, Net Income $525,000, CAP Rate 7.5%2022 Financials: Gross Income $1,125,000, Net Income $547,000, CAP Rate 7.8%2021 Financials: Gross Income $1,050,000, Net Income $510,000, CAP Rate 7.3%Discover The Exceptional 71-Room Bellis Inn Hotel, A Prime Investment Opportunity In Beautiful Bellingham, Washington, Now On The Market For $6,999,000. 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.

Listing Details

Asset Class: Hotel/Motel,Specialty
Year Built: 1993
Building Total Square Feet: 29118
Available Lease Space Square Feet: 29118
Number of Floors: 3
Total Parking Spaces: 0
Local Zoning Information: C

Listing Courtesy of: Real Estate 2000 Corp.

Disclaimer: The information contained in this listing has not been verified by Pacific Continental Realty, LLC and should be verified by the tenant or buyer.