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$11,385,000 Just Listed

  • For Sale
  • Active
  • Industrial
  • Updated 3 days ago

Listed by KC Coonc | Pacific Continental Realty LLC | (360) 671-4200

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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.

Full Property Details for 851 Coho Way

General

  • Price: $11,385,000
  • Status: Active
  • Type: Industrial
  • Source: NWMLS
  • MLS ID: 2477027
  • Updated: 2/5/2026
  • Added to Site: 4 day(s) ago

Location

  • Area: 860 - Bellingham
  • County: Whatcom
  • Subdivision: Downtown
  • Driving Directions: Roeder Avenue to Coho Way. Property is situated on the corner of Roeder and Coho

Structural Information

  • Structure Type: Unspecified
  • Office: 47,508 Sq. Ft.
  • Year Built: 1991

Lot Features

  • Zoning: Commercial

Financial Considerations

  • Terms: Conventional

Disclosures and Reports

  • Special Conditions: None
  • Property ID: 3802251254400099

Listed by KC Coonc | Pacific Continental Realty LLC | (360) 671-4200

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Schools serving 851 Coho Way

School District:Bellingham School District
NameGradesDistance
Parkview Elementary School
3030 Cornwall Avenue, Bellingham, WA 98225
PK-51.4 mi
Whatcom Middle School
810 Halleck Street, Bellingham, WA 98225
6-81 mi
Bellingham High School
2020 Cornwall Avenue, Bellingham, WA 98225
9-121.4 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 851 Coho Way Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/05/2026
Listed
$11,385,000
103.87%
MLS
10/01/2001
Sold
$5,584,314
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 851 Coho Way

Year
Property Taxes
Change
Tax Assessment
Change
2024
$49,957
5%
$6,108,282
—
2024
$47,492
100%
$6,108,282
11%
2023
-100%
$5,502,957
14%
2023
$46,500
-2%
$4,827,155
—
2021
$47,508
-3%
$4,827,155
1%
2020
$48,751
14%
$4,787,766
14%
2019
$42,593
-10%
$4,194,010
5%
2018
$47,398
15%
$3,990,387
10%
2017
$41,382
9%
$3,641,119
4%
2016
$38,131
6%
$3,492,680
6%
2013
$35,897
—
$3,291,150
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by KC Coonc | Pacific Continental Realty LLC | (360) 671-4200

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851 Coho Way, Bellingham, WA 98225 (MLS# 2477027) is a Industrial property. 851 Coho Way is currently listed for $11,385,000 and was received on February 05, 2026. Want to learn more about 851 Coho Way? Do you have questions about finding other Industrial real estate for sale in Bellingham? You can browse all Bellingham real estate or contact a Coldwell Banker agent to request more information.

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