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    1318 Mckenzie Ave Bellingham, WA 98225

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    For Sale
    $3,950,000

    Street-level commercial/retail condos in historic downtown Fairhaven.

    Property size:
    19,820 SF
    Lot size:
    0.12 Acres

    Property Features for 1318 Mckenzie Ave

    General Information

    Size
    19,820 SF
    Lot size
    0.12 Acres

    Source: John L. Scott - Bellingham Agent Patrick Starr, CCIM

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

    Overview

    Historic Fairhaven Retail Condos For Sale

    This is an opportunity to own a piece of historic downtown Fairhaven, consisting of 8 street-level commercial/retail condos split between the Waldron & Young Buildings, encompassing Finnegan's Alley. The properties are located at multiple addresses. All leases include escalations and are NNN. The cap rate is 6.75%. The sale also includes some underground parking rights. There is potential to assume the underlying mortgage at 4.125% if desired. The total property size is 19820 square feet.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Bellingham
    County
    Whatcom
    State
    Washington
    Longitude
    -122.500114
    Latitude
    48.719063

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    FAQs

    What type of property is this?
    Retail space - Street-level commercial/retail condos in historic downtown Fairhaven.
    Where is this retail space located?
    The property is located at 1318 Mckenzie Ave Bellingham, WA.
    What is the asking price?
    The asking price for this property is $3,950,000.
    What are key features of this property?
    This property features: - Prime historic downtown Fairhaven location.; - Excellent 6.75% cap rate.; - Multiple street-level commercial/retail condos.
    (360) 961-2671
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    1318 Mckenzie Ave 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
    1318 Mckenzie Ave Bellingham, WA 98225
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