851 Coho Way, Bellingham, WA 98225 (MLS # 2477027)

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Listing provided courtesy of Northwest MLS; Pacific Continental Realty LLC

PRICE $11,385,000
SIZE n/a
LOT SIZE n/a
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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.

LAST UPDATED 2/5/2026 TRACT Downtown
YEAR BUILT 1991 COMMUNITY Downtown
COUNTY Whatcom STATUS Active
PROPERTY TYPE(S) Commercial


ADDITIONAL DETAILS
AREA 860 - Bellingham
HEAT Electric, None
LOT 0
MLS STATUS Active
STYLE 61 - Comm Bldg Ovr 10K
SUBDIVISION Downtown
ZONING Commercial

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Properties with the Logo icon are courtesy of Northwest MLS.

Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 2/5/26 6:43 PM PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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