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1025 Granary Ave - Waterfront Condominium 1,093 - 3,220 SF Office/Retail Condo Units Offered at $437,200 - $1,288,000 Per Unit in Bellingham, WA 98225
Executive Summary
FOR PURCHASE or LEASE: Prime Waterfront Retail Space on Bellingham Bay. Discover a premier Class A commercial retail space located at the heart of Bellingham's dynamic waterfront, just steps from downtown. Situated below 103 luxury waterfront condominiums, this high-traffic area offers unparalleled visibility and foot traffic, making it an ideal location for your business. This modern building boasts exceptional craftsmanship with concrete, steel, and glass construction, energy efficient and built for sustainability. Nestled in a lively community hub, you'll be at the center of local events, races, concerts, and other exciting festivities, providing a vibrant atmosphere for business growth. Position your business in Bellingham's most sought-after up-and-coming waterfront district for commerce, residents, and recreation. Flexible lease terms available—don’t miss out on this prime opportunity!
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- Offering Memorandum
- Miscellaneous
3 Units Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment or Owner User |
| Sale Type | Investment or Owner User |
Sale Notes
Sale Price: $400+ / psf
Lease Price: Modified Gross Lease, $30+ / psf annually +HOA fees
Lease Terms: 5+ year terms / negotiable
Lease Expirations & Renewal Options: Negotiable
Tenant pays their share of utilities and HOA dues of $335 - $1,000 +/- per month (Based on unit & sq ft)
Lease Price: Modified Gross Lease, $30+ / psf annually +HOA fees
Lease Terms: 5+ year terms / negotiable
Lease Expirations & Renewal Options: Negotiable
Tenant pays their share of utilities and HOA dues of $335 - $1,000 +/- per month (Based on unit & sq ft)
| Sale Type | Investment or Owner User |
| Sale Type | Investment or Owner User |
Description
1025 Waterfront Condominium consists of 28 Residential units and 4 Commercial units. Subdivision of the units is negotiable. This is the first of three buildings. In total the project will have 103 Residential units and 12 Commercial Units.
Sale Notes
Sale Price: $400+ / psf
Lease Price: Modified Gross Lease, $30+ / psf annually +HOA fees
Lease Terms: 5+ year terms / negotiable
Lease Expirations & Renewal Options: Negotiable
Tenant pays their share of utilities and HOA dues of $335 - $1,000 +/- per month (Based on unit & sq ft)
Lease Price: Modified Gross Lease, $30+ / psf annually +HOA fees
Lease Terms: 5+ year terms / negotiable
Lease Expirations & Renewal Options: Negotiable
Tenant pays their share of utilities and HOA dues of $335 - $1,000 +/- per month (Based on unit & sq ft)
| Sale Type | Investment |
| Sale Type | Investment |
Description
1025 Waterfront Condominium consists of 28 Residential units and 4 Commercial units. Subdivision of the units is negotiable. This is the first of three buildings. In total the project will have 103 Residential units and 12 Commercial Units.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 101 | 3,220 SF | Office/Retail | $1,288,000 ($400.00/SF) | - |
| Unit 102 | 1,605 SF | Office/Retail | $642,000 ($400.00/SF) | - |
| Unit 104 | 1,093 SF | Office/Retail | $437,200 ($400.00/SF) | - |
Unit 101
| Unit Size |
| 3,220 SF |
| Condo Use |
| Office/Retail |
| Price |
| $1,288,000 ($400.00/SF) |
| NOI |
| - |
Unit 102
| Unit Size |
| 1,605 SF |
| Condo Use |
| Office/Retail |
| Price |
| $642,000 ($400.00/SF) |
| NOI |
| - |
Unit 104
| Unit Size |
| 1,093 SF |
| Condo Use |
| Office/Retail |
| Price |
| $437,200 ($400.00/SF) |
| NOI |
| - |
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Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Unit 101
| Unit Size | 3,220 SF |
| Condo Use | Office/Retail |
| Price | $1,288,000 ($400.00/SF) |
| NOI | - |
| Sale Type | Investment or Owner User |
| Sale Notes | |
|
Sale Price: $400+ / psf Lease Price: Modified Gross Lease, $30+ / psf annually +HOA fees Lease Terms: 5+ year terms / negotiable Lease Expirations & Renewal Options: Negotiable Tenant pays their share of utilities and HOA dues of $335 - $1,000 +/- per month (Based on unit & sq ft) |
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Unit 102
| Unit Size | 1,605 SF |
| Condo Use | Office/Retail |
| Price | $642,000 ($400.00/SF) |
| NOI | - |
| Sale Type | Investment or Owner User |
| Description | |
| 1025 Waterfront Condominium consists of 28 Residential units and 4 Commercial units. Subdivision of the units is negotiable. This is the first of three buildings. In total the project will have 103 Residential units and 12 Commercial Units. | |
| Sale Notes | |
|
Sale Price: $400+ / psf Lease Price: Modified Gross Lease, $30+ / psf annually +HOA fees Lease Terms: 5+ year terms / negotiable Lease Expirations & Renewal Options: Negotiable Tenant pays their share of utilities and HOA dues of $335 - $1,000 +/- per month (Based on unit & sq ft) |
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Unit 104
| Unit Size | 1,093 SF |
| Condo Use | Office/Retail |
| Price | $437,200 ($400.00/SF) |
| NOI | - |
| Sale Type | Investment |
| Description | |
| 1025 Waterfront Condominium consists of 28 Residential units and 4 Commercial units. Subdivision of the units is negotiable. This is the first of three buildings. In total the project will have 103 Residential units and 12 Commercial Units. |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 87,132 SF | Typical Floor Size | 14,000 SF |
| Property Type | Multifamily | Year Built | 2024 |
| Property Subtype | Apartment | Lot Size | 0.47 AC |
| Building Class | B | Opportunity Zone |
Yes
|
| Floors | 3 | ||
| Zoning | WFUV | ||
| Total Building Size | 87,132 SF |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Floors | 3 |
| Typical Floor Size | 14,000 SF |
| Year Built | 2024 |
| Lot Size | 0.47 AC |
| Opportunity Zone |
Yes |
| Zoning | WFUV |
Amenities
Site Amenities
- 24 Hour Access
- Controlled Access
- Waterfront
- Car Charging Station
- Elevator
- Lounge
- Online Services
- Smoke Detector
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Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
70/100
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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1025 Granary Ave - Waterfront Condominium