1700 Peace Portal Dr

    Blaine, WA 98230
    • $350,000
    • STATUS: Active
    • ON SITE: 157 days
    • ID#: 1230713
    UPDATED: 53 min ago
    $350,000
    • 0
      BEDS
    • 0.1
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1960
    County:

    School Ratings & Info

    Listing Courtesy of Homesmart One Realty.

    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 to 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. No where near enough restaurants in Blaine!

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    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than NW Home Experts are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2018-06-19T17:18:31.057.

    www.nwhomeexperts.com/homes/79930753

    1700 Peace Portal Dr Blaine, WA 98230

    • Price: $350,000
    • Status: Active
    • Updated: 53 min ago
    • ID#: 1230713
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.1
    Acres
    1960
    Built
    Neighborhood:
    Blaine
    County:
    Whatcom
    Area:
    Blaine/Birch Bay
    Property 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 to 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. No where near enough restaurants in Blaine!
    Exterior Features

    Building Condition Average Exterior Wood Products Foundation Concrete BlockPoured Concrete Lot Depth 0 Lot Dimensions 99*96*139 Lot Topography And Vegetation Level Roof Composition Site Frontage 139 Style 60 - Comm Bldg Und 10K Total Covered Parking Spaces 0 Total Uncovered Parking Spaces 15 Waterfront Footage 0

    Interior Features

    Building Sq Ft 2600 Floor Covering Vinyl Office Sq Ft 1384 Total Sq Ft Rented 0

    Property Features

    Assessed Value Improvements 112171 Assessed Value Land 84600 Assessed Value Total 196771 Assessed Value Year 2016 Available Pads 0 Bank Owned No Boundary Survey 6.80 Cap Rate N Electrical Expenses 0 Energy Source Electric Environment Survey N EPSEnergy 0 Expansion Area N Form17 Provided General Zoning Classification Commercial Gross Adjusted Income 24000 Gross Rent Multiplier 15 Gross Scheduled Income 24000 Heating Expenses 0 Hers Index 0 Home Owner Dues 0 Insurance Expenses 0 Net Operating Income 24000 Other Expenses 0 Pad Ready N Possession Sub. Tenant's Rights Power Service Amps 0 Right Of First Refusal No Sewer Sewer Connected Tax Amount 0 Tax Year 2017 Terms Cash OutConventional Third Party Approval Required None Total Expenses EXP 0 Total Expenses TEX 0 Total Monthly Rent 0 Vacancy Rate 0 Water Company City Of Blaine Water Sewer Garbage 0 Water Source Public Zoning Jurisdiction See Remarks

    Listing information © 2018 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by NW Home Experts and should be verified by the buyer.
    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than NW Home Experts are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2018-06-19T17:18:31.057.

     
    NW Home Experts
    1217 Cooper Point Road SW # 5
    Olympia WA, 98502
    Listing Courtesy of Homesmart One Realty.