206 E Magnolia St Bellingham, WA 98225
For Sale
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.
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Northwest Yarns & Mercantile (Bike/Boat/Book/etc) Store
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.
No recorded transactions found for this property.
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.