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1321 Cornwall Ave
Bellingham, WA 98225
Retail Property For Sale
Executive Summary
Situated in Bellingham’s Retail Commercial Core, this building is situated next to Peoples Bank on Cornwall Avenue. Current retail use includes a small storefront with the balance of the building set up for retail online sales. The long-term tenant is currently month to month. Before the current use, the building was segregated for two separate retail tenants. Potential value add by creating second floor apartments over the commercial space. Please do not disturb operating business. Appointment required.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
7,798 SF
Building Class
C
Year Built/Renovated
1905/1994
Price
$1,395,000
Price Per SF
$178.89
Cap Rate
5.90%
NOI
$82,305
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.19
Lot Size
0.15 AC
Opportunity Zone
Yes
Zoning
CC
Property Taxes
| Parcel Number | 380330-190157-0000 | Improvements Assessment | $590,128 |
| Land Assessment | $529,403 | Total Assessment | $1,119,531 |
Property Taxes
Parcel Number
380330-190157-0000
Land Assessment
$529,403
Improvements Assessment
$590,128
Total Assessment
$1,119,531
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