1414 Cornwall AveBellingham, WA 98225

Property Details for 1414 Cornwall Ave

Year built

1912

Lot size

0.16 AC

Property size (Sq ft)

13,750 SF

Zone code

CC

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

380330 231173 0000

APU

3803302311730000

Description

This exceptional 2,911 square foot restaurant/retail space is available for lease in the heart of Bellingham, WA. Located at 1414 Cornwall Ave (cross street: E Magnolia), this single-tenancy unit is situated within a beautifully renovated, two-story, 20,120 square foot building (built in 1912, renovated in 2022) in the city's vibrant CBD, zoned accordingly. The property boasts a prime location with exceptionally high foot traffic, benefiting from its proximity to established businesses like Bellingham AXE and Evergreen Beauty College, ensuring a steady stream of customers throughout the day and into the evening. The open layout provides ample space for creative design and flexible use, making it ideal for a variety of concepts, from restaurants and bars to experiential businesses. Significant cost savings are available due to recently upgraded infrastructure and lower tax valuations extending through 2032. One elevator is available in the building. The property features a spacious layout and is ready for immediate occupancy. This is a rare opportunity to establish a thriving business in a highly desirable location. The APN is 3803302311730000. Contact us to schedule a viewing and explore the possibilities.

• CAP approach

  CAP return

  Valuation

  6%

  $3,708,854

  6.5%

  $3,423,557

  7%

  $3,179,017

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,179,632

  Geo Method

  $2,647,975

• Alternative Use

  Use

  Valuation

  Residential

  $4,245,211

  Hospitality

  $3,888,590

  Educational

  $3,235,262

  Medical

  $3,346,527

  Retail

  $5,032,629

Location Insight

City

Bellingham

County

Whatcom

State

Washington

Latitude

48.751

Longitude

-122.477

CBSA code

13380

CBSA name

BELLINGHAM, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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