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    1001 Hilton Ave Bellingham, WA 98225

    Sponsored
    For Sale
    $8,000,000

    Prime Waterfront Cold Storage Facility

    Property size:
    35,100 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 35,100-square-foot industrial property, located at 1001 Hilton Ave, Bellingham, WA 98225, presents a unique investment opportunity. Situated on approximately one acre of land in the Waterfront District Urban Village, this vacant property features a 14,600-square-foot production area, a 4,400-square-foot office space, a 10,400-square-foot cold storage building, and a 5,700-square-foot dry warehouse. The property boasts two loading docks with two dock-high doors and a 168-linear-foot marine dock adjacent to the improvements. The asking price is $8,000,000, translating to $227.92 per square foot. A ground lease with the Port of Bellingham is in place, extending until November 30, 2065. The City of Bellingham is slated to replace the 3,700-square-foot dock by June 2025. This property is zoned for Mixed Use/Marine Trade within the City Center Zoning Overlay. The property is an owner/user investment opportunity. This prime waterfront location offers significant potential for various industrial and marine-related businesses. The property's size, features, and location make it an attractive investment in a thriving waterfront district. Further details are available upon request.

    Property Features for 1001 Hilton Ave

    General Information

    Property type
    Refrigerated & Cold Storages
    Square Feet
    35,100 SF
    Lot Size
    43,560 SF

    HighLights

    • High‑demand waterfront location with excellent access to major transportation arteries.
    • Modern, functional building design ideal for various industrial uses.
    • Ample on‑site parking for employees and visitors.
    • Secure facility with advanced security systems in place.
    • Flexible lease terms available to accommodate tenant needs.
    • High‑bay warehouse space with efficient loading docks.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bornstein Seafoods Inc Seafood Wholesaler

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Bellingham
    County
    Whatcom
    State
    Washington
    Longitude
    -122.4930047
    Latitude
    48.7543102

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    FAQs

    What type of property is this?
    Refrigerated / Cold Storage - Prime Waterfront Cold Storage Facility
    Where is this refrigerated / cold storage located?
    The property is located at 1001 Hilton Ave Bellingham, WA.
    What is the asking price?
    The asking price for this property is $8,000,000.
    What are key features of this property?
    This property features: High-demand waterfront location with excellent access to major transportation arteries.; Modern, functional building design ideal for various industrial uses.; Ample on-site parking for employees and visitors.
    Request Owner's contact information
    1001 Hilton Ave 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
    1001 Hilton Ave Bellingham, WA 98225
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