Technical
Financial
Distress signals
Property profile

1115 Harris Ave Bellingham, WA 98225

OFF-MARKET
Drug stores
Property ID
US90-1319557
1,250 SF 0.12 ac lot Built 1929
Entity Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional lease opportunity presents a 2,500-square-foot building ideally situated at 1115 Harris Ave in Bellingham, Washington's vibrant Fairhaven district. Built in 1929, this single-tenant property offers a unique blend of traditional and creative office space, perfect for a variety of businesses. The building's total square footage is 2,500 square feet, currently entirely vacant and ready for immediate occupancy. The property is classified as both retail and office space, providing flexibility for diverse business needs. Located in Whatcom County, the building sits on a 5,014-square-foot lot, offering excellent visibility and accessibility. Its historical charm and open layout provide a blank canvas for customization, allowing businesses to create a space that perfectly reflects their brand. The address, 1115 Harris Ave, Bellingham, WA 98225, ensures high foot traffic and prominent exposure within the bustling Fairhaven community. This is a rare chance to establish a presence in a landmark building with significant character and potential. The property's versatility makes it suitable for a range of uses, from traditional office setups to more creative and innovative businesses. Don't miss this opportunity to secure a prime location in one of Bellingham's most desirable neighborhoods.

Property profile

Verified
Property type Drug stores
Use group DRUG STORE, PHARMACY
Year built 1929
Total area 1,250 SF
Lot 0.12 ac (5,014 SF)
Zoning code CC
APN 370201 134107 0000
UPID US90-1319557

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Artist Art Gallery
  • Post Office
  • Furniture & Home Goods Home Decor Store

Location

1115 Harris Ave Bellingham, WA 98225-7036
Bellingham metro Census 1101 BELLINGHAM, WA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$510k
CAP Approach CAP
by Request
Comparable Approach Comparable
$484k
Blend (final) Blend
$520k

Owner & transaction history

since 2025
Last sale
$500,000
3 recorded transactions
2025
$500,000
2015
$650,000
2002
$261,765

Zoning & alternative use

CC · Bellingham, WA
Top alternative use upside
Office building $430,000 +17.1%
Medical building $390,000 +5.7%

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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