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    1501 Cornwall Ave Bellingham, WA 98225

    For Sale
    $2,150,000

    Class A building in downtown Bellingham with development potential.

    Lot size:
    0.34 Acres

    Property Features for 1501 Cornwall Ave

    General Information

    Lot size
    0.34 Acres

    Source: Windermere - Whatcom Co. Agent John Templeton

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

    Overview

    Downtown Bellingham Class A Building

    Located in downtown Bellingham, this Class A building underwent a million-dollar upgrade and remodel in 2015. The property features 4,800 square feet on the upper level, plus an additional 4,800 square feet in the built-out lower level. Equipped with substantial power, the building is suitable for various uses, including a bank with a drive-thru, an insurance agency, or general office space. The zoning allows for vertical or horizontal expansion due to no setbacks, parking, or height restrictions. There are 16 on-site parking spaces. Situated in an Opportunity Zone, the property offers potential for additional development. Four major banks are located within one block.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Unity Circle Park M.D. Labs & Wellness ... Medical Spa

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Wholesale Shop Auto Repair Shop Spa & Massage Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Bellingham
    County
    Whatcom
    State
    Washington
    Longitude
    -122.475851
    Latitude
    48.752482

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    FAQs

    What type of property is this?
    Bank - Class A building in downtown Bellingham with development potential.
    Where is this bank located?
    The property is located at 1501 Cornwall Ave Bellingham, WA.
    What is the asking price?
    The asking price for this property is $2,150,000.
    What are key features of this property?
    This property features: - Class "A" building in downtown Bellingham, featuring a million-dollar upgrade/remodel completed in 2015.; - Located in an Opportunity Zone, this property offers potential for additional development.; - Zoning allows for flexible development with no setbacks, parking, or height restrictions.
    (360) 920-5646
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    1501 Cornwall 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
    1501 Cornwall Ave Bellingham, WA 98225
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