ATTRACTIVE BASIS: - Offered at just $104/SF, this vacant 41,261 SF building presents a rare opportunity to acquire a large-format retail asset well below replacement cost. VALUE-ADD OR OWNER-USER OPPORTUNITY: - With the property currently 100% vacant, investors can reposition the building to capture market rent or an owner-user can immediately occupy and benefit from SBA financing options and long-term control. EXPANSIVE LOT WITH AMPLE PARKING: - Situated on a 3.51 Acre parcel with approximately 140 parking stalls (3.4/1,000 SF), the site supports a wide array of tenant or owner-occupant needs. LOW VACANCY MARKET: - Bellingham’s overall retail vacancy is exceptionally low, dropping to 3.1% in Q2 2024 from 3.3% in Q1, reflecting exciting, robust demand for storefront space citywide. FLEXIBLE ZONING ALLOWS A VARIETY OF USES: - Located in Bellingham’s Planned Commercial (PC) zoning district, the property allows for a wide range of commercial uses including retail, medical, office, and light industrial; offering strong potential for adaptive reuse. STRONG LOCAL DEMOGRAPHICS & CONSUMER SPENDING: - Bellingham’s population exceeds 93,000, with average household income over $76,000 and a consistent influx of Canadian cross-border shoppers from nearby British Columbia.