Sale Price: $1,776,000
CBA #: 40834154
NWMLS #: 2272156
Bellingham’s Fountain District Urban Village redevelopment site with completed feasibility study. 3 tax parcels totaling approximately 16,988 sq ft which allow for up to 40 residential units with parking including the minimum 2,000 sq ft of required commercial space. The 3 parcels consist of a 1,000 sq ft house on a 4,792 sq ft corner lot rented for $1,500 pm and 3,400 sq ft vacant commercial building on a 7,405 sq ft lot, with a 4,792 sq ft, 20 stall parking lot between the house & the commercial building. The 3,400 sq ft commercial building is available for lease. Investors can go straight to redevelopment or lease & hold for future redevelopment, however, the commercial building with 20 parking spaces gives an opportunity to an owner user that holds & develops later. Selling will consider selling separately.
