For Sale
$2,199,000

1501 Cornwall AveBellingham, WA 98225

Class A Retail Bank, 8,640 SF

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional Class A retail bank building in downtown Bellingham, WA, presents a unique investment or user opportunity. Located at 1501 Cornwall Ave, this 8,640 square foot, two-story building sits on a 0.34-acre lot and boasts 16 on-site parking spaces. Built in 1972 and extensively renovated in 2017, the property offers a fully functional drive-thru, making it ideal for a bank, insurance agency, or general office. The building features a 4,800 square foot upper level and a 4,800 square foot built-out lower level, with ample power. Zoning allows for expansion, with no setbacks, parking, or height restrictions. Priced at $2,199,000 ($295.14/sq ft), this property is significantly below current replacement cost. Its prime location in the Opportunity Zone, near four major banks, adds to its considerable potential. The 100% occupancy rate ensures immediate cash flow. This is a rare opportunity to acquire a fully operational, high-quality building in a thriving downtown area. APN: 75284.

Highlights

  • $2,199,000 asking price for this 8,640 square foot retail building.
  • Class A, single-tenant retail property located in downtown Bellingham, WA.
  • 100% occupied, with a $295.14 per square foot price.
  • Built in 1972 and renovated in 2017, featuring two stories in a single building on a 0.34-acre lot.
  • 16 parking spaces and a functional drive-thru.
  • Located in the Opportunity Zone, with zoning allowing for expansion.

Property Details for 1501 Cornwall Ave

Property type
Retail properties, Banks
Square Feet
8,640 SF
Class
A
Year Built/Renovated
1972/2017
Buildings
1
Stories
2
Lot Size (sq. ft)
14,810 SF

Location Insight

City
Bellingham
County
Whatcom
State
Washington
Latitude
48.7521034
Longitude
-122.4762097
1501 Cornwall Ave, Bellingham, Washington

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1501 Cornwall Ave
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