Downtown Bellingham Corner
For Sale
Contact for pricing
1301-1307 Cornwall Ave, Bellingham, WA
Second-floor space suitable for office, retail, or condo units.
Property Size6,800 SF
Lot Size0.16 Acres
Price / SF$183.82
Days on Market355
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
1307 Cornwall Ave, Suite 3
PENDING
Size
6,800 SF
Type
RETAIL
Lease Type
OTHER
Prime corner in downtown Bellingham with windows lining Corner and Holly St. This second floor space is blank canvas for office, retail, or condo units (plan already completed). This was the former office space for Trilllium Corp and has been opened up to allow for any use. Space available now!
Contact us
Listing Agency:
Pacific Asset Advisors, Inc
(425) 990-6200
Listed By:
Tyson Clarke · License #109765
(360) 319-4855
Source:
Moodyscre
Added: Oct 28, 2025
Changed: Oct 14
Last Checked: Oct 16 at 11:37AM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$95,151
Cap Rate
7.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,903,020
$1.9M
Cap Rate 7%
$1,359,300
$1.4M
Cap Rate 9%
$1,057,233
$1.1M
Market Conditions
NOI Build-Up for 6,800 SF
Gross rent
$153.4K $22.56/SF
− Vacancy
−$26.5K −$3.90/SF
EGI
$126.9K $18.66/SF
− OpEx
−$31.7K −$4.66/SF
NOI
$95.2K $13.99/SF
Area
Whatcom County, WA
Vacancy
17.30%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,903,020
Cap Rate 7%
$1,359,300
Cap Rate 9%
$1,057,233
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.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,548
Businesses Nearby
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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.
