Listing Agency: Pacific Continental Realty LLC k*@pcrnw.com Show Phone

Listed By: KC Coonc · License #WA 17357

Source: Crexi

Added: Apr 5, 2023 Changed: Aug 8 Last Checked: Aug 12 at 1:47PM

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Investment Insights

Based on property information with market context.

This property features 5.71 usable acres of Planned Industrial zoned land. It is located next to Costco in Bellingham. The site has been cleared, graded, compacted, and covered with crushed rock. The property is connected to the City of Bellingham Regional Stormwater Facility. Heavy power, natural gas, city water, and sewer are available in the street fronting the property. Completed entitlements to build on this property have been obtained. The seller also owns adjacent planned commercial property that fronts Pacific Hwy.

Property Analytics

Property Profile

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.

Location Intelligence

Trade Area within ½ mile

288

Businesses Nearby

Explore this area Business Placement

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

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 acres of planned industrial land near Costco.

Where is this industrial land located?

The property is located at 1365 Mahogany Ave Bellingham, WA.

What is the asking price?

The asking price for this property is $5,900,000.