Property Details

MLS #
1230713
Beds
2 potential
SqFt
2,650
Baths
3
Price
$299,000

Listing Description

Excellent long term NNN tenant with grandfathered use as a restaurant. Over 130 feet of frontage on Peace Portal Way. Lower level has past use as a residence. So real upside on this 6.8% CAP income property close Drayton Harbor, I5 and downtown Blaine. Bring your ideas for the lower level, and a little elbow grease, and income can be an additional net $12,000 per year! 4 years left on the restaurant lease. Great high-visibility location. Lots of traffic. Nowhere near enough restaurants in Blaine!

Listing Location

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1700 Peace Portal Drive

MLS # 1230713   $299,000

Listing by

The Foster Group

HomeSmart One Realty

 

Ph: 3609201114

4164 Meridian St #104, Bellingham, WA 98226

Agent
Douglas Foster
(360) 920-1114