Downtown Bellingham Corner
1301-1307 Cornwall Ave Bellingham, WA
For Sale
Contact for pricing
Second-floor space suitable for office, retail, or condo units.
Property Size6,800 SF
Lot Size0.16 Acres
Price / SF$183.82
Days on Market273
Property Features for 1301-1307 Cornwall Ave
General Information
Standard status
Active
Size
6,800 SF
Lot size
0.16 Acres
Property subtype
RETAIL
Properties For Sale
at 1301-1307 Cornwall Ave Contact us
Listing Agency:
Pacific Asset Advisors, Inc
(360) 319-4855
Listed By:
Tyson Clarke
Source:
Moodyscre
Added: Oct 28, 2025
Changed: Jul 10
Last Checked: Jul 21 at 5:50AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Pacific Asset Advisors, Inc
Investment Insights
Based on property information with market context.
Located on a prime corner in downtown Bellingham, this second-floor space features windows lining Cornwall Avenue and Holly Street. The 6,800-square-foot space is a blank canvas suitable for office, retail, or condo units, with a plan already completed. Formerly the office space for Trilllium Corp, the space has been opened up to allow for any use. The space is available now.
Key Highlights
- Prime corner location in downtown Bellingham.
- Windows lining Corner and Holly St.
- Blank canvas space suitable for office, retail, or condo units.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $153.4k | $22.56 |
| − Vacancy | −$26.5k | −$3.90 |
| EGI | $126.9k | $18.66 |
| − OpEx | −$31.7k | −$4.66 |
| NOI | $95.2k | $13.99 |
6,800 SF · lease $22.56/SF/yr · vacancy 17.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.36M
$1.19M – $1.59M
NOI $95,151 @ 7.0% cap · market cap 7.61%
Second Best
Retail
$1.16M
$1.01M – $1.35M
NOI $81,139 @ 7.0% cap · market cap 6.49%
Theoretical Best
Office A
$1.60M
$1.40M – $1.87M
NOI $112,292 @ 7.0% cap · market cap 8.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail space - Second-floor space suitable for office, retail, or condo units.
Where is this retail space located?
The property is located at 1301-1307 Cornwall Ave Bellingham, WA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Prime corner location in downtown Bellingham.; Windows lining Corner and Holly St.; Blank canvas space suitable for office, retail, or condo units.
