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Property profile

10 Prospect St Bellingham, WA 98225

OFF-MARKET
Retail properties & Spaces
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49,798 SF 4900 ac lot Built 1908

Property summary

AI-generated overview

This exceptional 2,615 sq ft retail space is located in Bellingham, WA's iconic Flatiron Building (10 Prospect St, 98225), a Class B property built in 1908 and renovated in 1990. Situated in the heart of the downtown core, adjacent to the arts and theatre district, this former café space offers high visibility and foot traffic. The space boasts original wood floors, beautiful historic accents, and abundant natural light from windows on two sides. Modern improvements include HVAC and sprinklers. The 7-story building sits on 4.9 acres (APN 3803301321980000) and totals 49,798 sq ft. Outdoor seating is a possibility (subject to City of Bellingham approval). Ideal for a retail store, bar, or café (no full-hood options). Proximity to the Pickford Film Center, SPARK Museum, Whatcom Museum, and Mount Baker Theatre ensures a vibrant and diverse customer base. This is a unique opportunity to lease a stunning retail space in a prime Bellingham location.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1908
Total area 49,798 SF
Lot 4900 ac (213,444,000 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Church Mosque
  • Restaurant

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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