117 115 W Magnolia St Unit #5, Bellingham, WA 98225
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.
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Taco Lobo Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.