114 W Holly St, Bellingham, WA 98225
This exceptional Bellingham commercial property, located at 114 W Holly St, offers 14,500 square feet of versatile space ideal for retail, traditional office, or coworking uses. Situated in the heart of downtown Bellingham, WA (zip code 98225), this single-tenant property boasts a prime location with frontage on Holly Street and an adjacent alley. The building, constructed in 1925, features a unique character with high ceilings, exposed brick, and hardwood floors, spread across three levels: approximately 7,000+ square feet on the main level, 6,000 square feet on the lower level, and 1,500 square feet on a mezzanine. Previously occupied by Golden Rule and Sports Chalet, and currently housing Opus dance studio, this space offers significant flexibility. It could be leased as a single large space or potentially subdivided to accommodate multiple tenants. The property includes a new HVAC system (installed in 2018). While on-street parking is available, the building benefits from its proximity to the downtown Parkade. The property is zoned C and has APN 3803301701470000. A special summer leasing incentive is available: the first year's rent is free
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2021Comparables
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
CC · 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.