Listing Broker: KW Lake Washington So; Daniel Sebryakov; 425-757-3465; [email protected]
1310 G Street
Bellingham, WA 98225
Acres
0.23
$799,951
Rare development/commercial opportunity in the heart of Old Town Bellingham. This site previously approved permits for a 50-unit multifamily apartment project, qualifies for the MFH Tax Exemption, offering strong financial upside for developers pursuing new residential density in a high-demand urban corridor. History of prior entitlements provides a proven roadmap… Read More 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. the permitted plans are included in the list price Read Less
Listing Snapshot
Cumulative Days Active
252
Last Updated
Property Type
Land
Lot Size
0.23 Acres
Property Tax
$8,524
MLS Number
2550658
Source: Home Junction
Additional Details
Property Access
Road Surface: Gravel, Paved
Home Owner's Association
Association Fee: $0, Fee Frequency: Not Applicable
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