1200 Lakeway Drive Bellingham, WA 98229
Prime commercial investment opportunity in the high-visibility Lakeway Drive corridor, just minutes from I-5 and major retail centers. This well-maintained, fully occupied building features a recently remodeled interior and is leased to nine established tenants, primarily consisting of medical and wellness professionals. Current occupants include acupuncture, massage therapy, counseling services, and other healthcare-related providers, creating a cohesive and highly desirable tenant mix. With 100% occupancy and all units leased, the property offers immediate and stable cash flow with no current vacancy. The strong concentration of healthcare and wellness tenants supports long-term occupancy and investment stability. The property benefits from exceptional exposure along Lakeway Drive with daily traffic counts exceeding 30,000 vehicles. A valuable parking easement to the south enhances accessibility and convenience for both clients and staff. Situated in a thriving commercial corridor with strong surrounding retail and service businesses, this property presents an outstanding opportunity for investors seeking dependable income and long-term appreciation potential. Excellent visibility, strong tenant retention, stable income history, and a fully occupied tenant roster make this a standout commercial investment opportunity.
property details
Interior Features
Carpet
Stone
Exterior Features
Utility & Building Info
Wall Unit(s)
Electric Heating
Forced Air
Baseboard
Wall Furnace
Based on information submitted to the MLS GRID as of 6/6/2026 12:00:00 AM (date and time MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID
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Price History
| date | event | price | source |
|---|---|---|---|
|
04/13/2026
04/13/2026
|
Active |
$1,890,000
|
NWMLS - Northwest MLS - Seattle |
Market Trends
Source: Constellation1
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