1058 N State ST, Bellingham, WA 98225
1058 N State ST, Bellingham, WA 98225,Video Tour
1058 N State ST, Bellingham, WA 98225
1058 N State ST, Bellingham, WA 98225
1058 N State ST, Bellingham, WA 98225
1058 N State ST, Bellingham, WA 98225
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Michael Green

Michael Green

+1(405) 227-5773
Listed by:RE/MAX Whatcom County, Inc. • Gabrielle Balolia
$ 875,000
Est. payment | /mo

0.55 Acres Lot

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$ 875,000
Est. payment | /mo
Save Virtual Tour

0.55 Acres Lot

Key Details

Property Type Commercial

Sub Type Commercial Industrial

Listing Status Active

Purchase Type For Sale

Subdivision Sehome

MLS Listing ID 2564422

Style 60 - Comm Bldg Und 10K

Year Built 1960

Annual Tax Amount $9,746

Lot Size 0.550 Acres

Property Sub-Type Commercial Industrial

Property Description

Downtown Bellingham development opportunity. This highly visible 23,958-square-foot (0.55-acre) parcel is located along North State Street, a primary arterial connecting downtown Bellingham and Fairhaven, just minutes from Western Washington University. Downtown Commercial Core zoning permits multifamily residential, commercial and mixed-use development. Current zoning establishes no maximum residential density, building height, setbacks or lot coverage. Preliminary analysis indicates potential for approximately 90–110 residential units. A conceptual 100-unit project could include 24 studios, 50 one-bedroom, 22 two-bedroom and 4 three-bedroom apartments. Taller or more compact construction may support additional units. Bellingham's elimination of automobile parking minimums provides further design flexibility. The property is currently improved with an approximately 1,600-square-foot, three-bay automotive repair shop, currently operating as a Pay to Park, Parking Lot. Buyers may consider utilizing the existing structure or pursuing complete redevelopment. Historical automotive and service-station uses should be considered during environmental and development feasibility review. All development concepts and unit estimates are preliminary and subject to independent verification with the City of Bellingham and appropriate consultants......................Owner financing may be considered for a qualified buyer.............

Location

Province WA

County Whatcom

Area 860 - Bellingham

Interior

Flooring Concrete

Fireplace false

Building

Sewer Sewer Connected

Water Public

Others

Senior Community No

Acceptable Financing Cash, Conventional, Owner Will Carry, See Remarks

Listing Terms Cash, Conventional, Owner Will Carry, See Remarks

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Northwest MLS (NWMLS)
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1058 N State ST

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