851 Coho Way | Image 1
New
851 Coho Way | Image 2

$11,385,000

2 days ago

0 Bed

0 Bath

--

--

MLS® 2477027

  • Key Facts
  • Description
  • Map

Key Facts

Type Other
Levels Commercial Sale
Size -
Garage No
HOA Fees 
Taxes 
Days Active 1
Approx. Age 1991
MLS® Number 2477027

Property Address: 851 Coho Way, Bellingham, WA, 98225-2067

Average square foot calculated using Size range provided by listing agent.

Description

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.
MLS® Number2477027
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1991
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Feb 5, 2026List Date
$11,385,000List Price
  • Commute

Commute

Starting Address
Destination Address
851 Coho Way, Bellingham, WA

Like what you see?

Complete the form and we'll be in touch. No login necessary.

Add a Comment
Loading...

Similar Listings

Comparable Properties