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    FOR SALE
    Bars & Pubs

    114 W Holly St, Bellingham, WA 98225

    6,820 SF 0.16 ac lot Built 1925
    Entity Owned 10-yr Hold ~ Est. High Equity
    Property ID
    US90-0126404
    114 W Holly St, Bellingham, WA 98225 For Sale
    $1,495,000 6,820 SF
    114 W Holly St, Bellingham, WA 98225
    View Listing →
    Property summary
    AI-generated overview

    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

    Property profile
    Verified
    Property type Bars & Pubs
    Use group BAR, TAVERN
    Year built 1925
    Total area 6,820 SF
    Lot 0.16 ac (6,874 SF)
    Zoning code CC
    APN 380330 170147 0000
    UPID US90-0126404
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $365k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $729k
    Blend (final) Blend
    $545k
    Owner & transaction history
    Langstan Managemant LLC · 10 yrs held
    Langstan Managemant LLC
    since 2015
    7 recorded transactions
    2018
    2017
    2015
    2014
    1999
    1999
    $24,431
    1995
    $405,000
    Zoning & alternative use
    CC · Bellingham, WA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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