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Downtown Bellingham Class A Office

1315 Cornwall Ave, Bellingham, WA 98225

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Class A office building in downtown Bellingham for sale.

Type:Office

Property size:

24,165 SF

Price / SF:

$196/SF

HighLights

Walker's Paradise Score of 97, providing immediate access to downtown Bellingham restaurants, shopping, and entertainment.
Class A office building suitable for single or multitenant use.
Combination of open‑floor space and private offices.
Potential for mixed‑use residential over commercial redevelopment.
Elevator and stair access to upper and lower levels.
Previously accommodated up to 150 employees.

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Contact an agent

KC Coonc

For Sale

Contact for pricing

Class A office building in downtown Bellingham for sale.

Type:Office

Property size:

24,165 SF

Price / SF:

$196/SF

Added:: Feb 25, 2026
Days on Market:: 122
Last Refresh:: Mar 17 at 1:16 pm

Property Features for 1315 Cornwall Ave

General Information

Standard status: Active
Size: 24,165 SF
Property subtype: Office

Building Details

Year Built: 1930

We can help!

Contact an agent

KC Coonc

Listing office Pacific Continental Realty LLC

Listing date Feb 25, 2026

Source Crexi

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 Continental Realty LLC

HighLights

Walker's Paradise Score of 97, providing immediate access to downtown Bellingham restaurants, shopping, and entertainment.
Class A office building suitable for single or multitenant use.
Combination of open‑floor space and private offices.
Potential for mixed‑use residential over commercial redevelopment.
Elevator and stair access to upper and lower levels.
Previously accommodated up to 150 employees.

Overview

This Class A office building is located in downtown Bellingham. The building, previously occupied by a company with up to 150 employees, features a combination of open-floor space and private offices. Each floor provides an opportunity for operational separation. The building is currently designed for single-tenant use, but a multitenant redesign or mixed-use residential over commercial conversion is possible. Upper and lower levels are easily accessible by an elevator or stairs situated at the front and rear of the building. The location provides access to restaurants, shopping, and entertainment. The property has a Walker’s Paradise Score of 97. The building has a size of 24165 square feet and is suitable for commercial real estate.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$545.2k	$22.56
− Vacancy	−$94.3k	−$3.90
EGI	$450.8k	$18.66
− OpEx	−$112.7k	−$4.66
NOI	$338.1k	$13.99

24,165 SF · lease $22.56/SF/yr · vacancy 17.30% · expense 25.00%

Alternative Uses

Best Use

Office B

$4.83M

$4.23M – $5.64M (±1% cap)

NOI $338,137 @ 7.0% cap · market cap 7.12%

Second Best

Mixed Use

$4.38M

$3.83M – $5.11M (±1% cap)

NOI $306,654 @ 7.0% cap · market cap 6.46%

Theoretical Best

Office A

$5.70M

$4.99M – $6.65M (±1% cap)

NOI $399,050 @ 7.0% cap · market cap 8.40%

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

Property Profile Location Intelligence

Current Use by Public Records

Dealer Information Systems ... (Bike/Boat/Book/etc) Store

Suggested Use

Location Insight

Map
Local Demand

City: Bellingham
County: Whatcom
State: Washington
Longitude: -122.478631
Latitude: 48.750511

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For sale
Office buildings
WA
Bellingham
98225
1315 Cornwall Ave

What type of property is this?

Office building - Class A office building in downtown Bellingham for sale.

Where is this office building located?

The property is located at 1315 Cornwall Ave Bellingham, WA.

What is the asking price?

The asking price for this property is $4,750,000.

What are key features of this property?

This property features: Walker's Paradise Score of 97, providing immediate access to downtown Bellingham restaurants, shopping, and entertainment.; Class A office building suitable for single or multitenant use.; Combination of open‑floor space and private offices.