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    OFF-MARKET
    Retail properties & Spaces

    117 115 W Magnolia St Unit #5, Bellingham, WA 98225

    0.19 ac lot Built 1912
    Property ID
    Property summary
    AI-generated overview

    This exceptional commercial property, located at 117-115 W Magnolia Street, Units #5 & #6 in Bellingham, WA 98225, presents a unique investment opportunity. The 0.19-acre lot features a 1912-built building currently housing a well-established restaurant with a full buildout, including a large hood system, walk-in cooler, and tiled floors. All necessary restaurant equipment is included, making this a true turnkey operation. The property is zoned for Business and Commercial use, offering flexibility for future endeavors. The building sits on a post and pillar foundation and has a Whatcom County Tax ID of 3803301811760000. The asking price is $1,200,000. This established business, operating for 18 years, offers immediate revenue potential and a strong foundation for continued success in Bellingham's vibrant downtown core. The property's location on Magnolia Street ensures high visibility and foot traffic. The listing expires December 30, 2024. This is an exceptional chance to acquire a profitable, established business in a prime location. The effective year built, according to public records, is 1975. The lot size, according to Realist, is 8,276 square feet. There is no on-site parking.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Year built 1912
    Lot 0.19 ac (8,276 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Taco Lobo Restaurant
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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