3710 Meridian Street Bellingham, WA 98225 – Bellis Inn

Bellis Inn (Status: Available) 5800000

3710, Meridian Street, Bellingham, WA  98225

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 Details

Asset Class: Hotel/Motel
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.