Rare investment opportunity with endless potential! This unique property blends the feel of multi-family, commercial, and future development prospects. Zoning is set to shift to commercial/industrial this fall, opening doors for redevelopment—think storage units, commercial, residential, or your vision in collaboration with the city. Currently generating approximately $160K in gross annual income, it features two curb cutouts along Meridian, three up-to-date septic systems & Deer Creek Water Association rights. Sewer is dry-lined for future city connection. The site boasts seven well-maintained leasable buildings, including three homes, two shop spaces, a barn, and a showroom. It's hard to find property with this kind of upside potential.
Listing Provided Courtesy of Sean Ryan, NextHome Northwest Living
General Information
NWM2340085
Multi-Family
13
DOM
9.6 acres
12255
1973
Industr
Whatcom
Irene Reither P
Meridian Mid
Meridian High
Residential Incom
Multi-Family
Listing Provided Courtesy of Sean Ryan, NextHome Northwest Living
Krishna Realty data last checked: Jun 11, 2025 06:13 | Listing last modified Mar 18, 2025 20:15,
Source:
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Residence Information
12255
Composition, Metal
55 - 5-9 Units
1973
Slab
See Remarks, Storage
Features and Utilities
Laminate, Wall to Wall Carpet
Metal/Vinyl, Stucco, Wood
Private
Septic Tank
0
Financial
12068
Cash Out, Conventional
01-27-2025
Comparable Information
13
13
Cash Out, Conventional
$2,800,000
$2,800,000
Mar 18, 2025 20:15
Schools
Elementary : Irene Reither PN/ARatings Middle : Meridian Mid N/ARatings High : Meridian HighN/ARatings
Rare investment opportunity with endless potential! This unique property blends the feel of multi-family, commercial, and future development prospects. Zoning is set to shift to commercial/industrial this fall, opening doors for redevelopment—think storage units, commercial, residential, or your vision in collaboration with the city. Currently generating approximately $160K in gross annual income, it features two curb cutouts along Meridian, three up-to-date septic systems & Deer Creek Water Association rights. Sewer is dry-lined for future city connection. The site boasts seven well-maintained leasable buildings, including three homes, two shop spaces, a barn, and a showroom. It's hard to find property with this kind of upside potential.
