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Warehouse and Development Land
For Sale
$1,595,000

2701 Nevada Street, Bellingham, WA 98226

A 0.86-acre parcel with a historic 1930s warehouse, direct rail access, and plans for a 14-unit townhome development.

Property Size20,000 SF
Lot Size0.86 Acres
Price / SF$79.75
Days on Market83

Property Features for 2701 Nevada Street

General Information

Standard status Active
Size 20,000 SF
Lot size 0.86 Acres
Property subtype Land

Additional Details

Multifamily Units 14

Taxes and HOA fees

Annual Taxes $6,119

Amenities

0, 0, 0, 0
No
Evergreens,Lightly Treed
Paved

Building Details

Year Built 1930
Listing Agency: Compass
Listed By: Derek Buse · License #125708
Source: Compass
Added: Jul 6 Changed: Sep 23 Last Checked: Sep 26 at 1:04PM

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 Compass

Investment Insights

Based on property information with market context.

Situated on a level 0.86-acre parcel, this offering includes a substantial 20,000 sq ft warehouse originally constructed in the 1930s as a cannery. The building features original heavy timber construction and was built with old-growth fir and cedar. Direct rail access is also part of the property, reflecting its industrial roots where trains once stopped to load and unload goods.

The site is free of wetlands and includes plans for a 14-unit townhouse development. Permits have not yet been pulled, allowing the next owner to review and make edits to the existing plan set.

The property sits directly adjacent to the Railroad Trail and provides convenient access to downtown, nearby amenities, parks, and outdoor recreation in the Roosevelt neighborhood.

Key Highlights

  • 0.86‑acre parcel in the Roosevelt neighborhood with a substantial 20,000 SF warehouse built in the 1930s as a cannery
  • Historic heavy timber construction with old‑growth fir and cedar
  • Direct rail access; the warehouse was built with rail stop access for loading and unloading goods

Property Analytics

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Current Use

Residential land & home ...

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Butcher Hotel & Motel Catering Service HVAC Service Fish Market

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

14
Residential units

Location Intelligence

Trade Area within ½ mile

1,196
Businesses Nearby
Balanced
Demand for This Use

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
View Realmo Analytics

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
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

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Frequently Asked Questions

What type of property is this?
Warehouse - A 0.86-acre parcel with a historic 1930s warehouse, direct rail access, and plans for a 14-unit townhome development.
Where is this warehouse located?
The property is located at 2701 Nevada Street Bellingham, WA.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: 0.86‑acre parcel in the Roosevelt neighborhood with a substantial 20,000 SF warehouse built in the 1930s as a cannery; Historic heavy timber construction with old‑growth fir and cedar; Direct rail access; the warehouse was built with rail stop access for loading and unloading goods
More about this property
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