1310 G Street, Bellingham, WA 98225
- $799,950
Listing courtesy of KW Lake Washington So.
- List Price
- $799,950
- Status
- ACTIVE
- MLS#
- 2549804
- Days on Market
- 252
Property Description
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 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
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Additional Information
- Community
- Lettered Streets
- Building Condition
- Fair
- Style
- 70 - Industrial
- Year Built
- 1977
- # of Assigned Spaces
- 25
- Roof
- Composition, See Remarks
- Potential Terms
- Cash, Conventional, Lease Purchase, See Remarks
- Flooring
- Laminate, See Remarks, Vinyl Plank, Carpet
- Driving Directions
- Follow I-5 N to King St in Bellingham. Take xit 253 from I-5 N. Take Lakeway Dr and E Holly St to G St. Property on your right.
- Energy Source
- Electric
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