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    1365 Mahogany Ave Bellingham, WA 98226

    For Sale
    $5,900,000

    Prime Bellingham industrial land, ready to build.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 9.4-acre industrial land parcel in Bellingham, Washington, presents a unique opportunity for immediate development. Located at 1365 Mahogany Ave, 98226, this property boasts 5.71 usable acres of Planned Industrial zoned land, ideally situated next to a Costco. Significant infrastructure improvements have already been completed, saving the buyer considerable time and expense. The site has been cleared, graded, compacted, and covered with crushed rock, and is connected to the City of Bellingham Regional Stormwater Facility, maximizing usable space. Utilities are readily available, with heavy power, natural gas, city water, and sewer located at the street frontage. Importantly, the property has already undergone extensive and costly entitlement processes, exceeding $1.5 million in investment and several years of effort. This eliminates significant hurdles and allows for expedited construction and occupancy. While the seller owns adjacent commercial property facing Pacific Hwy, this listing focuses solely on the 9.4-acre industrial site, offering a streamlined path to building your next project. The asking price for this fully prepared site is $5,900,000.

    Property Features for 1365 Mahogany Ave

    General Information

    Property type
    Land
    Lot Size
    409,464 SF

    HighLights

    • 9.4‑acre industrial land parcel in Bellingham, WA, at 1365 Mahogany Ave, 98226.
    • 5.71 usable acres of Planned Industrial zoned land adjacent to Costco.
    • Significant infrastructure improvements completed, including site clearing, grading, compaction, and crushed rock surfacing.
    • Connected to City of Bellingham Regional Stormwater Facility; utilities (heavy power, natural gas, city water, sewer) at street.
    • Over $1.5M invested in entitlements, expediting construction.
    • Asking price: $5,900,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop 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
    -122.51682132
    Latitude
    48.79322954

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    FAQs

    What type of property is this?
    Land - Prime Bellingham industrial land, ready to build.
    Where is this land located?
    The property is located at 1365 Mahogany Ave Bellingham, WA.
    What is the asking price?
    The asking price for this property is $5,900,000.
    What are key features of this property?
    This property features: 9.4-acre industrial land parcel in Bellingham, WA, at 1365 Mahogany Ave, 98226.; 5.71 usable acres of Planned Industrial zoned land adjacent to Costco.; Significant infrastructure improvements completed, including site clearing, grading, compaction, and crushed rock surfacing.
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    1365 Mahogany Ave Bellingham, WA 98226
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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
    1365 Mahogany Ave Bellingham, WA 98226
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