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Property profile & analytics
FOR SALE
Grocery and convenience stores

1001 Hilton Ave Bellingham, WA 98225

27,493 SF Built 1986
Entity Owned 8-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US90-0653734
1001 Hilton Ave, Bellingham, WA 98225 For Sale
$8,000,000 27,493 SF
1001 Hilton Ave, Bellingham, WA 98225
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Property summary
AI-generated overview

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.

Property profile
Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 1986
Total area 27,493 SF
Zoning code WFUV
APN 380225 125440 0113
UPID US90-0653734
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Bornstein Seafoods Inc Take-out & Catering Fish Market
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.84M
Owner & transaction history
Bornstein Seafoods INC · 8 yrs held
Bornstein Seafoods INC
since 2018
4 recorded transactions
2018
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
WFUV · Bellingham, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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