1331 Commercial StBellingham, WA 98225

Property Details for 1331 Commercial St

Year built

1961

Lot size

0.32 AC

Property size (Sq ft)

6,396 SF

Zone code

CC

Property type

Office buildings

APN

380330 169187 0000

APU

3803301691870000

Description

This beautifully remodeled, 14,810 square foot Class A office building presents a unique opportunity in the heart of Downtown Bellingham. Ideally suited for a tech company or similar business, this single-tenant space boasts a flexible layout incorporating ample private offices, open collaborative areas, and social spaces. Its prime corner location at Commercial and Holly Streets ensures exceptional visibility and brand exposure. Employees will appreciate the building's proximity to a vibrant arts district, offering a diverse selection of restaurants, coffee shops, and entertainment options within walking distance. The property is immediately available and in turnkey condition. On-site parking is negotiable. The building features ADA accessibility and is comprised of three levels. The main floor (6,416 SF) offers a blend of private offices and open flex space, enhanced by abundant natural light. The upper floor (1,998 SF) includes open flex space, private offices, restrooms, and a kitchenette, further illuminated by a large skylight. The lower level (6,416 SF) provides a kitchen/break room, a spacious media center, ample storage, multi-stall restrooms, and a green room. The building sits on a 0.33-acre lot, includes one two-story building, and features elevators and ample power. This is a truly exceptional opportunity to secure a highly desirable and well-appointed office space in a thriving downtown location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,955,250

  6.5%

  $1,804,850

  7%

  $1,675,930

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,944,210

  Geo Method

  $1,231,740

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $3,664,260

  Retail / Commercial

  $1,857,300

  Mixed-Use / Specialty

  $1,833,570

  Hospitality / Lodging

  $1,322,950

  Institutional / Educational

  $1,900,050

  Residential Income

  $2,223,060

  Multifamily

  $2,761,090

  Automotive / Energy

  $1,628,620

  Parking / Income-Based Land

  $578,922

  Restaurant / Food Service

  $917,131

  Healthcare / Senior Housing

  $1,897,840

Location Insight

City

Bellingham

County

Whatcom

State

Washington

Latitude

48.7515

Longitude

-122.479

CBSA code

13380

CBSA name

BELLINGHAM, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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