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Property profile & analytics
FOR LEASE
Investment properties

1414 Cornwall Ave Bellingham, WA 98225

13,750 SF 0.16 ac lot Built 1912
Entity Owned 7-yr Hold Free & Clear
Property ID
US90-1386026
Property summary
AI-generated overview

This exceptional 2,911 square foot restaurant/retail space is available for lease in the heart of Bellingham, WA. Located at 1414 Cornwall Ave (cross street: E Magnolia), this single-tenancy unit is situated within a beautifully renovated, two-story, 20,120 square foot building (built in 1912, renovated in 2022) in the city's vibrant CBD, zoned accordingly. The property boasts a prime location with exceptionally high foot traffic, benefiting from its proximity to established businesses like Bellingham AXE and Evergreen Beauty College, ensuring a steady stream of customers throughout the day and into the evening. The open layout provides ample space for creative design and flexible use, making it ideal for a variety of concepts, from restaurants and bars to experiential businesses. Significant cost savings are available due to recently upgraded infrastructure and lower tax valuations extending through 2032. One elevator is available in the building. The property features a spacious layout and is ready for immediate occupancy. This is a rare opportunity to establish a thriving business in a highly desirable location. The APN is 3803302311730000. Contact us to schedule a viewing and explore the possibilities.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1912
Total area 13,750 SF
Lot 0.16 ac (6,874 SF)
Zoning code CC
APN 380330 231173 0000
UPID US90-1386026
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
  • Bellingham Axe Hotel & Motel Resort
  • New ignition key Bellingham WA Auto Repair Shop Vehicle Inspection Center
  • Evergreen Beauty College Bellingham Vocational School Training Center
  • B. P. O. E. Building Tour Operator
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.44M
Owner & transaction history
Augustino Investments LLC · 7 yrs held
Augustino Investments LLC
since 2018
7 recorded transactions
2018
$1.5M
1997
Price N/A
1996
$262,500
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
CC · Bellingham, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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