119 N Commercial St Bellingham, WA 98225

Bellingham Towers is a 15-story office building totaling 86,945 sf, situated on nearly an acre of land in downtown Bellingham. The property is configured primarily as small office suites, and it has maintained occupancy hovering around 95% over the last several years. Expansive, unobstructed views of Bellingham Bay are available on nearly every floor, and a renovation of the entire 7th floor is currently underway, creating higher-than-normal vacancy while that space is improved.

The building includes rare on-site parking with a 27,280 sf, 3-story parking garage on the north end and a surface parking lot on the south end. An additional 1/4-acre surface parking lot immediately to the SE is also available for lease or sale by the seller.

Zoned Commercial Core (CC) within the Downtown District’s Urban Village, the property allows dense development with a variety of permitted uses, including multifamily, office, and hospitality, with no density limit, no lot coverage limit, no open space or usable space requirement, and no height limit or setback requirement for this site. The property also lies within an exempt parking overlay and an Opportunity Zone. Recent improvements totaling more than $1.8 million include new roofs on the 14th, 15th, and 2nd floors; air conditioning installations on the 9th and 12th floors; and upgrades to the lobby, LED lighting, security, and fiber optic cabling, along with electrical and utility improvements.