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Executive Summary

FOR PURCHASE: Prime Waterfront Retail Space on Bellingham Bay. Discover a premier Class A commercial retail space located at the heart of Bellingham's dynamic waterfront, just steps from downtown. Situated below 103 luxury waterfront condominiums, this high-traffic area offers unparalleled visibility and foot traffic, making it an ideal location for your business. This modern building boasts exceptional craftsmanship with concrete, steel, and glass construction, energy efficient and built for sustainability. Nestled in a lively community hub, you'll be at the center of local events, races, concerts, and other exciting festivities, providing a vibrant atmosphere for business growth. Position your business in Bellingham's most sought-after up-and-coming waterfront district for commerce, residents, and recreation. Flexible lease terms available—don’t miss out on this prime opportunity!

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Property Facts

Total Building Size 70,000 SF
Property Type Multifamily
Property Subtype Apartment
Building Class B
Floors 5
Typical Floor Size 14,000 SF
Year Built 2024
Lot Size 0.47 AC
Opportunity Zone Yes
Zoning WFUV

Amenities

Site Amenities

  • 24 Hour Access
  • Controlled Access
  • Waterfront
  • Car Charging Station
  • Elevator
  • Online Services

2 Units Available

Unit 101

Unit Size 3,220 SF
Price $1,778,986 CAD
Price Per SF $552.48 CAD
Condo Use Office/Retail
Sale Type Investment or Owner User
Sale Notes

Sale Price: $400+ / psf
Lease Price: Modified Gross Lease,  $30+ / psf annually +HOA fees
Lease Terms: 5+ year terms / negotiable
Lease Expirations & Renewal Options: Negotiable
Tenant pays their share of utilities and HOA dues of $335 - $1,000 +/- per month (Based on unit & sq ft)

Waterfront_10_04_24-105 (1)
View Photo Waterfront_10_04_24-105 (1)

Unit 103

Unit Size 2,288 SF
Price $1,264,074 CAD
Price Per SF $552.48 CAD
Condo Use Office/Retail
Sale Type Investment or Owner User
Description

1025 Waterfront Condominium consists of 28 Residential units and 4 Commercial units. Subdivision of the units is negotiable. This is the first of three buildings. In total the project will have 103 Residential units and 12 Commercial Units.

Sale Notes

Sale Price: $400+ / psf
Lease Price: Modified Gross Lease,  $30+ / psf annually +HOA fees
Lease Terms: 5+ year terms / negotiable
Lease Expirations & Renewal Options: Negotiable
Tenant pays their share of utilities and HOA dues of $335 - $1,000 +/- per month (Based on unit & sq ft)

Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
70/100
  • Listing ID: 38506570

  • Date on Market: 2025-11-19

  • Last Updated:

  • Address: 1025 Granary Ave, Bellingham, WA 98225

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