1413 Railroad Ave Bellingham, WA 98225-4526
- Investment properties
- 11,000 SF
- 0.13 lot acres
Current Use by Public Records
- Stockton's Paint - Benjamin Moore / Paint Store / Equipment Supplier
Property Details for 1413 Railroad Ave
- Year built
- 1908
- Lot size
- 0.13 lot acres
- Property size
- 11,000 SF
- Zone code
- CC
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 380330 241164 0000
- APU
- 3803302411640000
Description
This exceptional 11,000-square-foot storefront at 1413 Railroad Avenue in Bellingham, WA, presents a unique investment opportunity. Originally built in 1908, this historically significant property, formerly Stockton's Paint Store, boasts a prominent location on one of Bellingham's main downtown streets. The two-story building sits on a 5,600-square-foot lot and offers significant potential for redevelopment or continued use as a retail space. The upper level features a substantial residential apartment with four bedrooms, two bathrooms, a large ballroom, a kitchen, living space, and rooftop access. Its central downtown location provides easy access to all amenities and attractions. The asking price is $1,499,000. This property is ideal for investors or developers seeking a high-visibility location with substantial space and versatile options. The building's history and character add to its appeal, making it a rare find in the heart of Bellingham's vibrant downtown. The property is currently owned by Dale Ragan and is offered with a broker co-op agreement. This is a chance to acquire a significant piece of Bellingham's commercial landscape. The property's size and location make it suitable for a variety of uses, from continued retail operation to conversion into multifamily housing.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $385,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $475,000
- 6.5%
- $440,000
- 7%
- $470,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $525,000
- Geo Method
- $475,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $410,000
- Retail
- $495,000
- Mixed-Use
- $385,000
- Hospitality
- $370,000
- Educational
- $465,000
- Residential Income
- $490,000
- Energy
- $405,000
- Income-Based Land
- $405,000
- Food Service
- $475,000
Location Insight
- Map
- Local Demand
- City
- Bellingham
- County
- Whatcom
- State
- Washington
- Longitude
- -122.476
- Latitude
- 48.7508
- CBSA code
- 13380
- CBSA name
- BELLINGHAM, WA METROPOLITAN STATISTICAL AREA
