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    1414 Cornwall Ave Bellingham, WA 98225

    For Lease
    $16 SF/Yr

    High-traffic, renovated restaurant space.

    Lot size:
    20,120 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 2,911 square foot restaurant/retail space is available for lease in the heart of Bellingham, WA. Located at 1414 Cornwall Ave (cross street: E Magnolia), this single-tenancy unit is situated within a beautifully renovated, two-story, 20,120 square foot building (built in 1912, renovated in 2022) in the city's vibrant CBD, zoned accordingly. The property boasts a prime location with exceptionally high foot traffic, benefiting from its proximity to established businesses like Bellingham AXE and Evergreen Beauty College, ensuring a steady stream of customers throughout the day and into the evening. The open layout provides ample space for creative design and flexible use, making it ideal for a variety of concepts, from restaurants and bars to experiential businesses. Significant cost savings are available due to recently upgraded infrastructure and lower tax valuations extending through 2032. One elevator is available in the building. The property features a spacious layout and is ready for immediate occupancy. This is a rare opportunity to establish a thriving business in a highly desirable location. The APN is 3803302311730000. Contact us to schedule a viewing and explore the possibilities.

    Property Features for 1414 Cornwall Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    20,120 SF
    Total Rate
    26826.67

    Building Details

    Year Built/Renovated
    1912/2022
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    Size
    2,911 SF
    Rate per SF
    $16

    HighLights

    • Benefit from attractive tax valuations at The Renaissance (formerly the Elk’s Club Building).
    • Enjoy reduced NNN expenses due to significant recent landlord capital improvements.
    • The building features a new elevator, upgraded security, renovated restrooms, updated HVAC, seismic upgrades, fire sprinklers, secure underground utilities with fiber optics, and ADA‑compliant lifts.
    • The property is almost fully leased, with only the ground floor restaurant space available. Current tenants include Evergreen Beauty College and Bellingham AXE.
    • Benefit from high foot traffic throughout the day and into the evening.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bellingham Axe Event Venue New ignition key ... Car Repair And Maintenance Service Evergreen Beauty College ... Beauty School B. P. O. ... Historical Landmark

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply 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
    -122.47697707941
    Latitude
    48.751220056205

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    FAQs

    What type of property is this?
    Restaurant - High-traffic, renovated restaurant space.
    Where is this restaurant located?
    The property is located at 1414 Cornwall Ave Bellingham, WA.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: Benefit from attractive tax valuations at The Renaissance (formerly the Elk’s Club Building).; Enjoy reduced NNN expenses due to significant recent landlord capital improvements.; The building features a new elevator, upgraded security, renovated restrooms, updated HVAC, seismic upgrades, fire sprinklers, secure underground utilities with fiber optics, and ADA-compliant lifts.
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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
    1414 Cornwall Ave Bellingham, WA 98225
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