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Property profile

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

OFF-MARKET
Retail properties & Spaces
0.19 ac lot Built 1912
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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

Current use

Occupant on record · Public records
  • Restaurant

Location

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

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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