Listing courtesy of KW Lake Washington So 425-757-3465
1310 G Street
Bellingham, WA 98225
Acres
0.23
$900,000
Rare development/commercial opportunity in the heart of Old Town Bellingham. This prime site previously had approved permits for a 50-unit multifamily apartment project, qualifies for the Multi-Family Housing Tax Exemption, offering strong financial upside for developers pursuing new residential density in a high-demand urban corridor. History of prior entitlements provides… Read More a proven roadmap for redevelopment, allowing flexibility for a revised/expanded vision. The existing improvements support a range of permitted commercial uses including retail, office, creative or design studios, service-based businesses, light production, and mixed commercial occupancy. This flexibility allows an investor or owner-user to generate income by leasing the property over several years while completing design, entitlement, or capital planning for future redevelopment. The property is strategically located minutes from Downtown Bellingham, the Waterfront District, and Western Washington University, with easy access to major transit routes, employment centers, and surrounding neighborhoods. Old Town continues to experience revitalization, with an 84-unit multifamily development currently underway nearby, reinforcing strong housing demand and long-term growth momentum. A rare combination of MFTE eligibility, proven development feasibility, flexible interim commercial use, and a highly desirable central location for investors, developers, or owner-operators. Plans are included in the list price Read Less
Listing Snapshot
Cumulative Days On Market
112
Days on Website
102
Last Updated
Property Type
Land
Lot Size
0.23 Acres
MLS Number
2490142
Source: Home Junction
30 Days Snapshot Of 98225
$693k
+3%
(avg) sold price
39
+8%
homes sold
67
+3%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Road Surface: "Gravel", "Paved", "See Remarks", Road Responsibility: "See Remarks"
Building
Building Area Total: 0, Building Area Units: Square Feet, Calculated Square Footage: 0, Elevation Units: Feet, Living Area: 0, Structure Type: "None"
Fireplaces
Fireplaces Total: 0
Home Owner's Association
Association Fee Frequency: Not Applicable, Association Fee: $0
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