Sale Price: $2,650,000
CBA #: 44554119
NWMLS #: 2495119
Attention Developers. 26,563 sq ft sq ft lot in Bellingham’s Commercial Core. The property is situated in the Downtown Urban Village District which has a multifamily housing development benefit of exempting minimum parking requirements per City Ordinance No 2025-01-001. Ideal for a mixed use vertical multifamily over limited commercial development. The site fronts Cornwall Ave with back alley access for podium style construction for increased densities. Excellent fit for a WWU student housing project, conventional housing, or tax-credit housing. Waker’s Paradise is 98 and Very Bikeable score is 89 with Bay view potential from upper floors. Projects nearby have been highly successful with almost no vacancy and fast absorption. No height restrictions or setbacks allow for a high density project. Adjacent 24k sq ft lot also available.
