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Property profile

17 Prospect St Bellingham, WA 98225

OFF-MARKET
Retail properties & Spaces
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Property summary

AI-generated overview

The iconic Rocket Building at 17 Prospect Street in Bellingham, Washington, presents a unique opportunity for a restaurant or bar. This fully renovated, single-tenant retail space boasts 3,386 square feet spread across three stories in a one-building structure. Located in the heart of downtown Bellingham, this highly visible property offers unparalleled access to the waterfront and significant foot traffic. The building underwent a complete renovation in 2023, encompassing all major systems, including crucial seismic upgrades. A fresh, eye-catching mural now adorns the south side of the building, enhancing its curb appeal. The property also features readily available building fascia signage for optimal branding. Furthermore, the space comes with permit-ready architectural drawings specifically designed for a restaurant or bar, streamlining the permitting process for prospective tenants. The building includes an elevator for convenient access to all three floors. The property's APN is 3803301161930000, and it's situated in Whatcom County, WA, zip code 98225. This is an exceptional opportunity to establish a thriving business in a prime Bellingham location.

Property profile

Verified
Property type Retail properties & Spaces

Cap rate & NOI

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

Location

17 Prospect St Bellingham, WA 98225
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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