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Planned Industrial Land With Stormwater
For Sale
$5,900,000

1365 Mahogany, Bellingham, WA 98226

5.71-acre planned industrial site cleared, graded, compacted, crushed-rock surfaced with stormwater connection and utilities at street.

Property SizeContact for details
Lot Size5.71 Acres
Days on Market685

Property Features for 1365 Mahogany

General Information

Standard status Active
Lot size 5.71 Acres
Property subtype Land
Zoning Planned Industrial

Additional Details

Utilities to Site Yes
Heavy Power Yes
Listing Agency: Pacific Continental Realty LLC
Listed By: Kenneth C Coonc
Source: Skylineproperties
Added: Nov 20, 2024 Changed: Sep 8 Last Checked: Oct 5 at 9:01PM

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

Investment Insights

Based on property information with market context.

This planned industrial land offering provides a ready-to-build development parcel with existing site work completed. The property has been cleared, graded, compacted, and covered with crushed rock, and it is connected to the City of Bellingham Regional Stormwater Facility to support maximum use of the site.

Located at 1365 Mahogany Ave in Bellingham, the property sits next to Costco. Heavy power, natural gas, city water, and sewer are available in the street fronting the parcel.

Entitlements to build have already been completed, with the seller noting that the entitlement process cost well over $1.5 million and took several years. The completed permitting is intended to allow a buyer to move forward with construction and use more quickly.

Key Highlights

  • 5.71 useable acres zoned Planned Industrial next to Costco in Bellingham.
  • Site is cleared, graded, compacted, and covered with crushed rock.
  • Connected to the City of Bellingham Regional Stormwater Facility to support maximum property use.

Property Analytics

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Current Use

Industrial land

Suggested Use

Top Pick Law Firm Grocery & Convenience Store Kitchen & Bath Showroom HVAC Service Plumbing Service Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Heavy power
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

460
Businesses Nearby

Demographics for 98226, WA

47,011
Population
20,609
Households
2.3
Avg Household Size
40
Median Age
40%
College-Educated
95%
High-School Grad
105.8 sq mi
ZIP Area
444
Density / Sq Mi
$79,684
Median Household Income
$45,337
Median Earnings
$1,557
Median Rent
$568,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Industrial in West region

3.7% 2019
4.3% 2020
2.6% 2021
2.5% 2022
4.8% 2023
6.9% 2024
7.9% 2025
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Frequently Asked Questions

What type of property is this?
Industrial land - 5.71-acre planned industrial site cleared, graded, compacted, crushed-rock surfaced with stormwater connection and utilities at street.
Where is this industrial land located?
The property is located at 1365 Mahogany Bellingham, WA.
What is the asking price?
The asking price for this property is $5,900,000.
What are key features of this property?
This property features: 5.71 useable acres zoned Planned Industrial next to Costco in Bellingham.; Site is cleared, graded, compacted, and covered with crushed rock.; Connected to the City of Bellingham Regional Stormwater Facility to support maximum property use.
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