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1501 Cornwall Ave 9,400 SF Retail Building Bellingham, WA 98225 $1,750,000 ($186.17/SF)
Investment Highlights
- Priced below Land Value
- Rare opportunity for investment or owner-user
Executive Summary
OPPORTUNITY ZONE Beautiful downtown Bellingham class "A" building. Million dollar upgrade/remodel in 2015. 4800 sqft up plus 4800 sqft built out lower level. Lots of power. Could be fully operational as a bank (with drive thru), insurance agency, or general office is less than a month. Zoning allows adding onto or up. No setbacks, parking or height restrictions. 16 on site parking spaces. Price far below replacement now with fantastic potential for additional development. This is an exceptional building for an investment or user. Four major banks within one block. Only building available with fully functional drive through.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Bank
Building Size
9,400 SF
Building Class
C
Year Built/Renovated
1972/2015
Price
$1,750,000
Price Per SF
$186.17
Tenancy
Single
Building Height
1 Story
Building FAR
0.63
Lot Size
0.34 AC
Opportunity Zone
Yes
Zoning
CA
Amenities
- Drive Thru
Exceptionally walkable
90/100
Exceptionally drivable
90/100
Good public transit
70/100
Very bikeable
80/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 380330-240216-0000 | Improvements Assessment | $448,973 |
| Land Assessment | $892,929 | Total Assessment | $1,341,902 |
Property Taxes
Parcel Number
380330-240216-0000
Land Assessment
$892,929
Improvements Assessment
$448,973
Total Assessment
$1,341,902
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1501 Cornwall Ave
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