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851 Coho Way Bellingham, WA $ 11,385,000
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$ 11,385,000 Get more info
851 Coho Way
$ 11,385,000
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Share Save

851 Coho Way

Bellingham, WA, 98225
$ 11,385,000
Bedrooms-- Baths--

Monthly Estimate*

$ 70,099

Listed by Pacific Continental Realty LLC
851 Coho Way, Bellingham, WA 98225 - Image 1
851 Coho Way, Bellingham, WA 98225 - Image 2

Commercial Property for sale in Bellingham, WA

for $11,385,000. This building was built in 1991.

Easy $70k net revenue per month. The Marina Building sits proudly on the corner of Coho Way and Roeder Ave within the Port of Bellingham’s Marina District. Actual cap rate is 7.5%, with a strong mix of regional and local tenants. 1st floor is anchored by LFS retail sales serving the marine industry, with the 2nd and 3rd floor as Class A office with secure entry served by an elevator. This 47k plus sq ft, fully sprinkled building has been meticulously upgraded and maintained with a tenant occupancy average of 9 years. Building is situated on a landlord favorable Port of Bellingham Land Lease with 36 years remaining. The math works! Abundant parking, in a walkable area with easy access to affiliated services, restaurants, trails and parks. Please do not disturb tenants.

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Commercial Active

Price

$ 11,385,000

Property Type

Commercial

Taxes

$ 0

Style

Comm Bldg Ovr 10K

Year Built

1991

Town/City

Bellingham

County/Region

Whatcom

MLS | Web ID

2477027
Features
General
Living Area 0
Possession Closing
HOA Fee 0
Year Built 1991
Property Subtype Commercial Industrial
County Whatcom
Property Type Commercial Sale
HOA N
Subdivision Name Downtown
Possible Use Commercial
Special Listing Conditions None
Status Active
Directions Roeder Avenue to Coho Way. Property is situated on the corner of Roeder and Coho
City Bellingham
Senior Community Y/N N
Zoning Description Commercial
Number Of Units Total 0
MLS Area 860 - Bellingham
Lot Size Units Square Feet
Lot Size Square Feet 0
Carport Y/N N
Listing Terms Conventional
Public Remarks Easy $70k net revenue per month. The Marina Building sits proudly on the corner of Coho Way and Roeder Ave within the Port of Bellinghams Marina District. Actual cap rate is 7.5% with a strong mix of
Structure Type Unspecified
Building Area Units Square Feet
Standard Status Active
Property Style 61 - Comm Bldg Ovr 10K
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Interior
Total Fireplaces 0
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Power Production Type Electric
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Exterior
Total Parking 0
Building Area Total 0
Lot Size Acres 0
Irrigation Water Rights Y/N N
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Internal Only
OriginalMLSID NWM2477027
Street Number 1 851
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* Excluded Features
List By
KC Coonc

Listing Agent

Pacific Continental Realty Llc

Broker

Affordability Calculator

$70,099
Per Month
100%
0%
0%
Monthly Principal & Interest
$70,099
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
258624 Elementary School
258775 Middle School
Unknown High School High School
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Pricing History
DatePricePrice ChangeDescription
2/5/2026$11,385,000 Listed Price

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851 Coho Way, Bellingham, WA, 98225 is a Commercial Property for sale at $11,385,000. 851 Coho Way was built in 1991. The property's zip code is 98225 which is in Bellingham, WA

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