Listing courtesy of Pacific Continental Realty LLC
Nearly 1 acre multifamily site in the Samish Way Urban Village zoned high density multifamily. This is a Designated Opportunity Zone location that has full abatement of property taxes associated with any multifamily building for 8 years, taxes remain payable on land and commercial improvements only. A 12-year abatement could be earned if 20% of the units are designated permanently affordable. Bellingham has additional B&O Tax exemptions and traffic impact credits for development of this property. Potential for up to 100 2-bed units or mix of units with floor area potential up to 107,810 sq ft. 3 tax parcels, one 12,632 sq ft and one 30,492 sq ft parcel. Explosive growth area of 5-7 story buildings with continued low vacancy. Close to WWU.
W123° 31' 51.8''
N48° 44' 6.6''
Additional Listing Information
860 - Bellingham
Samish Way to Consolidation Avenue (near the new W