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    206 Magnolia St Bellingham, WA 98225

    Sponsored
    For Sale
    $900,000

    Prime Retail Space, Redevelopment Potential

    Property size:
    3,250 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Class A retail storefront, located at 206 E Magnolia St in Bellingham, WA 98225, presents a unique investment opportunity. Boasting 3,250 square feet on a 0.13-acre lot (APN 75269), this single-story, 1925-built building offers 110 feet of frontage on E. Magnolia Avenue, placing it in the heart of downtown. Currently zoned CC, the property is ideal for a variety of retail uses. The existing tenant, Vienna Cleaners, is vacating, creating an immediate opportunity for a new business to occupy this prime location. Alternatively, the property's central location and size make it an attractive redevelopment site, particularly given its adjacency to Railroad Avenue. The asking price is $900,000, translating to $276.92 per square foot. Short-term rental options are also available. This is a rare chance to acquire a highly desirable property in a thriving downtown area. The building consists of one structure and is situated in Whatcom County.

    Property Features for 206 Magnolia St

    General Information

    Property type
    Individual retail properties
    Square Feet
    3,250 SF
    Class
    A
    Lot Size
    5,663 SF

    Building Details

    Year Built
    1925
    Buildings
    1
    Stories
    1

    HighLights

    • $900,000 asking price for a 3,250 SF Class A retail storefront.
    • Located in downtown Bellingham, WA at 206 E Magnolia St, on a 0.13‑acre lot.
    • Single‑tenant occupancy; currently occupied by Vienna Cleaners, but available for immediate occupancy.
    • Excellent redevelopment opportunity or prime retail space in a high‑traffic area.
    • Features 110 feet of frontage on E. Magnolia Avenue, adjacent to Railroad Avenue.
    Property Profile Location Intelligence

    Current Use by Public Records

    Northwest Yarns & Mercantile Yarn Store

    Suggested Use

    Realty agency Restaurant Law Firm Dental Office Hair Salon Spa & Massage Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Bellingham
    County
    Whatcom
    State
    Washington
    Longitude
    -122.4764043
    Latitude
    48.7497142

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    FAQs

    What type of property is this?
    Individual retail property - Prime Retail Space, Redevelopment Potential
    Where is this individual retail property located?
    The property is located at 206 Magnolia St Bellingham, WA.
    What is the asking price?
    The asking price for this property is $900,000.
    What are key features of this property?
    This property features: $900,000 asking price for a 3,250 SF Class A retail storefront.; Located in downtown Bellingham, WA at 206 E Magnolia St, on a 0.13-acre lot.; Single-tenant occupancy; currently occupied by Vienna Cleaners, but available for immediate occupancy.
    Request Owner's contact information
    206 Magnolia St Bellingham, WA 98225
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    Bellingham, WA 98225
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    206 Magnolia St Bellingham, WA 98225
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