1301 Cornwall AveBellingham, WA 98225

Property Details for 1301 Cornwall Ave

Year built

1931

Lot size

0.16 AC

Property size (Sq ft)

13,750 SF

Zone code

CC

Property type

Office properties

APN

380330 175141 0000

APU

3803301751410000

Description

This exceptional 6,015 square foot office condo in Bellingham, Washington, presents a unique investment opportunity. Located at 1301 Cornwall Ave, 98225, this traditional office space boasts a prime downtown location with storefront access from both Cornwall Avenue and Holly Street. The unit features a private entrance and elevator, enhancing exclusivity and convenience. Currently configured as office space, this versatile property has already received city permits for conversion into a residential condo, offering significant flexibility for future use. The space could easily be adapted back to office or even retail use, catering to a wide range of potential tenants or owners. Ample parking is readily available in the adjacent downtown parkade. This property offers a compelling combination of location, size, and adaptability, making it an ideal investment for those seeking a high-return asset in a thriving Washington community. The possibility of owner financing or joint venture arrangements adds further appeal. Detailed plans and third-party reports are available for review.

• 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

48.7501

Longitude

-122.479

CBSA code

13380

CBSA name

BELLINGHAM, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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