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    114-118 Holly St Bellingham, WA 98225

    For Sale
    $1,650,000

    Iconic 1925 building, 15,500 SF, owner-user opportunity.

    Property size:
    15,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 15,500 square foot retail building, located at 114-118 West Holly Street in Bellingham, Washington, presents a unique owner-user or investment opportunity. Built in 1925, this two-story structure boasts impressive architectural details including brick walls and high ceilings reaching 25 feet. Situated on a 0.17-acre lot, the property enjoys nearly 70 feet of frontage on Holly Street, placing it in the heart of downtown Bellingham's vibrant commercial district. The property is zoned Commercial - Urban Village. Currently, a portion of the building is leased to Endgame Bar, with a recently signed lease extension providing approximately 4.5 years of remaining lease term and generating a current monthly income of $2,200. This landmark building, previously home to the well-known Sportsman Chalet, offers significant potential for a variety of retail or office uses. The property's prime location and substantial size make it an attractive investment for discerning buyers seeking a strong foothold in Bellingham's thriving market. The asking price is $1,650,000. Parcel number is 380330-170147-0000.

    Property Features for 114-118 Holly St

    General Information

    Property type
    Retail properties
    Square Feet
    15,500 SF
    Lot Size
    7,405 SF

    Building Details

    Year Built
    1925
    Stories
    2

    HighLights

    • 1925 Construction.
    • 25‑foot ceiling heights.
    • Owner‑user or investment opportunity.
    • 0.17‑acre lot.
    • Endgame Bar: 4.5‑year lease extension, $2,200/month.
    • Prime Downtown Bellingham location.
    Property Profile Location Intelligence

    Current Use by Public Records

    Airport Limousine Service ... Limousine Service

    Suggested Use

    Realty agency Restaurant Law Firm Dental Office Hair Salon Nail Salon Clothing Store Building Supply Daycare Center Spa & Massage

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

    Location Insight

    • Map
    • Local Demand
    City
    Bellingham
    County
    Whatcom
    State
    Washington
    Longitude
    -122.4793034
    Latitude
    48.7502446

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    FAQs

    What type of property is this?
    Retail property - Iconic 1925 building, 15,500 SF, owner-user opportunity.
    Where is this retail property located?
    The property is located at 114-118 Holly St Bellingham, WA.
    What is the asking price?
    The asking price for this property is $1,650,000.
    What are key features of this property?
    This property features: 1925 Construction.; 25-foot ceiling heights.; Owner-user or investment opportunity.
    Request Owner's contact information
    114-118 Holly 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
    114-118 Holly St Bellingham, WA 98225
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