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Property profile & analytics
FOR SALE
Individual retail properties

206 E Magnolia St Bellingham, WA 98225

3,948 SF 0.13 ac lot Built 1925
Individually Owned Free & Clear
Property ID
US90-0660843
206 E Magnolia St, Bellingham, WA 98225 For Sale
$900,000 3,948 SF
206 E Magnolia St, Bellingham, WA 98225
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Property summary
AI-generated overview

This exceptional Class A retail storefront, located at 206 E Magnolia St in Bellingham, WA 98225, presents a unique investment opportunity. Boasting 3,250 square feet on a 0.13-acre lot (APN 75269), this single-story, 1925-built building offers 110 feet of frontage on E. Magnolia Avenue, placing it in the heart of downtown. Currently zoned CC, the property is ideal for a variety of retail uses. The existing tenant, Vienna Cleaners, is vacating, creating an immediate opportunity for a new business to occupy this prime location. Alternatively, the property's central location and size make it an attractive redevelopment site, particularly given its adjacency to Railroad Avenue. The asking price is $900,000, translating to $276.92 per square foot. Short-term rental options are also available. This is a rare chance to acquire a highly desirable property in a thriving downtown area. The building consists of one structure and is situated in Whatcom County.

Property profile
Verified
Property type Individual retail properties
Use group DRY CLEANER
Year built 1925
Total area 3,948 SF
Lot 0.13 ac (5,502 SF)
Zoning code CC
APN 380330 237122 0000
UPID US90-0660843
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
  • Northwest Yarns & Mercantile (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
MAURICE H RICHARDS
MAURICE H RICHARDS
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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