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    3020 Northwest Ave Bellingham, WA 98225

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    For Sale
    $3,600,000

    Value-add opportunity with existing income and redevelopment potential.

    Property size:
    34,423 SF
    Lot size:
    2.21 Acres

    Property Features for 3020 Northwest Ave

    General Information

    Size
    34,423 SF
    Lot size
    2.21 Acres

    Source: Gage Commercial Real Estate LLC Agent Greg Martineau,CCIM

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Redevelopment Opportunity in Bellingham

    This property in Bellingham presents a redevelopment or value-add opportunity, situated in an ideal location along Northwest Ave. The property features approximately 32,000 square feet of buildings and is being sold as-is. Utilities are connected. The site offers flexibility to keep one or both buildings and redevelop all or a portion of the property. The property is approximately 50% occupied, with short-term leases and existing income. Note that there is extensive deferred maintenance.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Cordata Place, Coinstar Kiosk | Bitcoin ATM, Park Manor Shopping Center, Bellis Fair, Sunglass Hut at Macy's

    Location Insight

    • Map
    • Local Demand
    City
    Bellingham
    County
    Whatcom
    State
    Washington
    Longitude
    -122.492403
    Latitude
    48.770656

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    FAQs

    What type of property is this?
    Shopping center - Value-add opportunity with existing income and redevelopment potential.
    Where is this shopping center located?
    The property is located at 3020 Northwest Ave Bellingham, WA.
    What is the asking price?
    The asking price for this property is $3,600,000.
    What are key features of this property?
    This property features: - Ideal location along Northwest Ave in Bellingham; - +/- 32,000 SF buildings provide substantial space; - Redevelopment/value-add opportunity
    (360) 820-4645
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    3020 Northwest Ave Bellingham, WA 98225
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    Bellingham, WA 98225
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3020 Northwest Ave Bellingham, WA 98225
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