1001 Hilton Ave Bellingham, WA 98225
For Sale
This exceptional 35,100-square-foot industrial property, located at 1001 Hilton Ave, Bellingham, WA 98225, presents a unique investment opportunity. Situated on approximately one acre of land in the Waterfront District Urban Village, this vacant property features a 14,600-square-foot production area, a 4,400-square-foot office space, a 10,400-square-foot cold storage building, and a 5,700-square-foot dry warehouse. The property boasts two loading docks with two dock-high doors and a 168-linear-foot marine dock adjacent to the improvements. The asking price is $8,000,000, translating to $227.92 per square foot. A ground lease with the Port of Bellingham is in place, extending until November 30, 2065. The City of Bellingham is slated to replace the 3,700-square-foot dock by June 2025. This property is zoned for Mixed Use/Marine Trade within the City Center Zoning Overlay. The property is an owner/user investment opportunity. This prime waterfront location offers significant potential for various industrial and marine-related businesses. The property's size, features, and location make it an attractive investment in a thriving waterfront district. Further details are available upon request.
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Bornstein Seafoods Inc Take-out & Catering Fish Market
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
WFUV · Bellingham, WABellingham. Always verify with local authorities before improvements.
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.