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Property profile

1365 Mahogany Ave Bellingham, WA 98226

OFF-MARKET
Land
9.4 ac lot
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Property summary

AI-generated overview

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 profile

Verified
Property type Land
Lot 9.4 ac (409,464 SF)

Cap rate & NOI

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

Location

1365 Mahogany Ave Bellingham, WA 98226
Bellingham metro
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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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