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Marketing Package Fairhaven Firehouse 1314 Harris Avenue, Bellingham, WA Real Estate Elevated May 21, 2016

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Marketing Package Fairhaven Firehouse 1314 Harris Avenue, Bellingham, WA Real Estate Elevated May 21, 2016 Marketing Package Fairhaven Firehouse 1314 Harris Avenue, Bellingham, WA Real Estate Elevated May 21, 2016 Allen Stockbridge, JD, CCIM James Browder Designated Broker, Founder Broker, Co-founder 360-223-8346 360-319-9168 [email protected] [email protected] CBA: 256965 NWMLS: 939112 114 W. Magnolia Street representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other Suite 400-146 Bellingham, WA 98225 Fairhaven Firehouse Fairhaven Firehouse 1314 Harris Avenue, Bellingham, WA • Asking $1,100,000 • Property borders Historic Fairhaven District in south Bellingham • Built in 1927 • Zoned Public with Reversionary Clause • Two recorded lots totalling .22 acres (full city block deep), 10,000 sq. ft. • Total building size 3,901 sq. ft. • Abundant on-street parking • Huge rear yard with Oriental Plane tree • Suitable for conversion to single uses such as an office, a retail business, a restaurant, or a residence • Currently operating as community Performing Arts Center with steady income in place - from the coffee shop; performance, event and dance class rentals; and a studio apartment • Close proximity to Fairhaven Transportation Center - Alaska Ferry Terminal, Amtrak Station and Greyhound Station • Available with personal property to operate as Performing Arts Center All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or 114 W. Magnolia Street representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other Suite 400-146 conditions, prior sale, lease or financing or withdrawal without notice. No liability of any kind is to be imposed on the broker herein. Bellingham, WA 98225 Fairhaven Firehouse Executive Summary 1314 Harris Avenue, Bellingham, WA Executive Summary The Fairhaven Firehouse is a mixed use building on the edge of Fairhaven in South Bellingham in the Happy Valley Community. It consists of 3,901 gross square feet, or 3,500 rentable square feet, which includes a 525 square foot apartment in the basement. The building itself was formerly Bellingham Fire Department Station No. 2 and is now designated as an Historic Landmark. The current owner applied for and received a Conditional Use Permit to operate the Firehouse Performing Arts Center. Currently there are short-term leases in place for the Firehouse Café and an office tenant. Potential uses of the building under the Conditional Use Permit include a large restaurant with beer and wine sales (which can be approved for sidewalk dining), professional offices, a residence, retail establishments, among others. The total area of the two lots combined is 10,000 sq. ft., with the southernmost portion of the vacant lot open to public access. There is a large Oriental Plane Tree, which is also designated as an historic landmark, in the lot to south, shading a well-maintained yard often used for community and private gatherings. As an alternative to converting the building to a new use, the Fairhaven community and supporters of the Firehouse Performing Arts Center have shown strong interest in maintaining the property in its current use; a coalition may be formed to guarantee the continuing operation of the facility with a new management team with more programming and private events to support the cost of operations. 9 townhomes are being built one block to the southwest with an additional 60 apartments planned, improving the market for a coffee, food and alcoholic beverage business. All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or 114 W. Magnolia Street representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other Suite 400-146 conditions, prior sale, lease or financing or withdrawal without notice. No liability of any kind is to be imposed on the broker herein. Bellingham, WA 98225 Fairhaven Firehouse Zoning Description and Map 1314 Harris Avenue, Bellingham, WA Zoning and Land Use Due to its historic status, The Fairhaven Firehouse is subject to a unique zoning code. The two parcels included with this sale are the only two parcels in Area 16 of the Happy Valley Neighborhood, which has a land use designation of Public. A conditional use permit is in S SY BYRON AVE BYRON AVE CA BYRON AVE BYRON AVE AM O effect that allows the ownersTT RE of the property to operate some commercial activities. SS E RR LNN SEHOME NH T T ST EE L SS T TT Y Y TT EE EE SS N N Y RR EE RR Y A N OO D OO A N FF D LL RR MM W HAPPY VALLEY E However, there is a reversion clauseE in the neighborhood’s municipalW code that S S AA VV OO E CC GG AA E G NN S S Y Y G I T T I E EE E LL T S T S W L RR W L S T L T S L SS OO H H E O states that should the property cease to beC owned by a public agency, the E T N MM C O T N L L O C 6 NEIGHBORHOOD O 6 EE C T T RR 3 DD 3 T L R T E R TT RR DD L E SS A L DD AA A D L E P D E P E E T GG T TT NN G W W G S S property shallA immediatelyS S be designatedAA as the adjacent Area 5, which has EE A II TT LL E D VV SS HH EELWOOD D YY LWOOD W E S GG W N E S N ZONING AA II AVE A LW AVE AY 2 W BB HH YY Y 2 OO A 3 D AVE A 3 OD AV E WESTERN 4 WW a land use designation of Residential Single. Residential Single allows T W T W YY S T T S SS AA E WASHINGTON H E WW H T R T R T T H H CC S SS 7 S II 7 LL 3 3 L L T for one detached single-family residenceI per 5,000 squareUNIVER SfeetITY N Hof T MM I S AA S FIELDING AVE H FIELDING AVE FIELDING AVE H SS FIELDING AVE R T R 1 T 1 S 3 D S AREA ZONING DESIGNATION* D 3 D Y Y TT D A A SS N F N TT FERRY AVE ERRY AVE T 2 land, and additional attachedT units (with a maximum of two T 2 Y AVE T FFEERRRRY AVE WW SS H H S 3 C S 3 EE TT C 3 1A Residential Multi, Multiple H H 5 3 G 5 E H G 8 E H T 8 T R R 22 T D R D T T R 0 T I I 0 I D I D 7 H 7 R 22 H R A T A T 1 E 1 E T 1B Commercial, Neighborhood S T attached units) at a rate of 3,750 square feet of land per unit. S S S NOTE: This boundary is between L G L G T T H E O H E O L T L lots 23 & 24 of Block 245, plat of T V V L 7 L 7 1C Institutional 3 O ADAMS AVE ADAMS AVE 3 ADAMS AVE ADAMS AVE O Fairhaven Land Co.'s 3rd Addition C C S S 3 YY 2A Public, Open Space/School WW Sehome SOUTH HILL NH KK PP RRIIDDGGEEMOONNT T WAAYY RRIIDDGGEEMMOONNT T NOTE: This boundary is between D D HS T C T LL CTT 2B Public/Institutional S S lots 9 & 10 of Block 3, lots 14 &15 AA H EASTON AVE NN EEAASSTTOON N AAVVEE H EASTON AVE T OO T of Block 4, and lots 15 & 16 of Block 6 DD 6 CC 3 Residential Multi, Multiple 1 1 5, plat of Fairhaven Land Co.'s 3rd Add. MM L L BBEENNNNEETTT T IILL BB AAVVEE 4 Commercial, Planned BBEENNNNEETTT T BBEENNNNEETTT T AAVVEE BBEENNNNEETTT T AAVVEE AAVVEE 2A 5 Residential Single T T S S R 3 R 3 H H 8 D 5A Residential Single 8 T T D D T T D T T T S 5 R T S H 5 R D H D S 1 3 S 1 3 S H T N S H T N 2 2 T T S T T S A 6 Public, Recreation/School A TAYLOR AVE 9 TAYLOR AVE L T 9 AYLO L TAYLOR R H H 1 1 H H T TTAAYYLLOOR R AAVVEE T T G T AVE 6 G AVE 6 I S I S 3 1A T 3 T 7 Residential Single H S H T TAYLOR S AVE H T TAYLOR AVE H T T S T S S T D S D 3 3 H N T H N 1 T Lowell T 1 T AYLOR T L T S AYLOR 8 Public, School 2 T L T S S 1C 2 S 6 P 1 2 6 P H 1 2 H 2 H 2 2 T T AVE T H 2 ES T T AVE T T S 0 S T S 0 S 4 3 1 4 9 Residential Single 3 1 VVIIEEWWMMOONNT T 1 3 1 DDOOUUGGLLAAS S AAVVEE DDOOUUGGLLAAS S AAVVEE 2B 3 3366TTH H SSTT CCTT T NOTE: This boundary is between T S 1B S 10 Commercial, Planned lots 10 & 11 and 28 & 29, blocks 88-93 H H T T 0 Fairhaven Land Co.'s 1st Addition 0 T T 2 C N 2 CAA 11 Public, Open Space/Park/Utilities S NB S SAMISH NH T B GAMBBIIEER R AAVVEE T Y Y GAM C H C C H CT T T A A 2 2 R 11A Public, Open Space/Park/Utilities R 1 1 NOTE: This boundary is between 38TH ST O 38TH ST O N T N lots 4 & 5 and 12 & 13, blocks 34, 35, T E S E S Happy Valley KNOX AVE L VE L 12 Residential Single F KNOX A F & 61, plat of Fairhaven Land Co.'s D 6 I D I N N N ES N N N 1st Addition 2 T 2 T S E 2 S E 2 13 Public, Governmental Services GG H AA H T N N T 7 7 2 W 2 14 Commercial, Neighborhood W T S T S A S A S A A Y Y M M H H T I T I 15 Residential Single S MILL AVE S 6 6 12 T MILL AVE T T H T H 3 S 3 S S MIILLL L AAVVEE S W Connelly W D D H H 16 Residential Single A R T R A T Creek Y 3 Y 6 3 T 6 T MILL A 2 VE 7 S MILL A 1 2 VE S 1 Nature Area H 14 H T HHAARRRRIIS S AAVVEE T 7 FAIRHAVEN NH 7 *SEE BELLINGHAM MUNICIPAL CODE TITLE 20 3 3 T T TABLE OF ZONING REGULATIONS FOR S 13 S T T MODIFICATIONS IN THE LIST OF PERMITTED S BF District S T T 1 1 S S USES AND OTHER SPECIAL PROVISIONS 16 2 Station #2 2 MCKENZIE AV MCCKKEENZIE MCKENZIE AVE NZIE H Larrabee E H T FOR EACH NUMBERED AREA HARRIS T T T S S AVE 4 AVE 4 3 LARRABEE 3 AVE H ES LARRABEE AVE H T T LLAARRRRAABBEEE E 7 11 7 1 1 8 T E AVE AAVVEE T LARRABE S E AVE T LARRABE S T S S H H H T T H T T T 4 S T NOTE: This boundary is 4 S 8 2 8 2 H H 1 1 E E T I T between lots 2 & 3 and I 8 N 8 N N N 3 N 3 L N lots 14 & 15 of Block 35, L O O B plat of Fairhaven Land B O DDOONNOOVVAAN N AAVVEE DONOVAN L T DONOVAN LD T T 5 Co.'s 1st Addition.
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