Bring the reasonable offers! Motivated Seller! Almost an 8% Cap rate. Unlock the potential of this rare multifamily investment with future commercial/industrial zoning expected fall of 2025. Currently generating strong income ($169K+ gross), this well-positioned property invites redevelopment with some wetlands mitigation to doimagine storage, mixed-use, or a custom concept with city collaboration. Two curb cuts, three upgraded septic systems, Deer Creek Water rights, and a sewer stub make future expansion seamless. Seven versatile, well-kept structures include homes, shops, a barn, and a showroom. A unique chance to invest now and shape what’s next. Unique opportunity to acquire a commercial and industrial development property located on the high-traffic Guide Meridian (SR 539) in Bellingham, WA. The site offers strong visibility, stable rental income, and outstanding redevelopment potential. Highlights: - Frontage: +/-331 linear feet on Guide Meridian - Site Area: - Current Use: 3 residential units, commercial showroom, manufacturing space, laydown yard - Income: Ongoing rental income offsets holding and carrying costs - Utilities: Currently served by septic and community water; public utilities planned in near future - Zoning: Suitable for a wide range of commercial or LI uses - Access & Exposure: High visibility corridor w/strong traffic counts
| MLS # | 2511642 |
|---|---|
| Listing Type | For Sale |
| Style | Commercial Industrial |
| Sub-Type | Resale |
| Status | Active |
| Year | 1973 |
| Days On Site | 140 |
| Listing Provided By | Windermere RE Whatcom, Inc. | Lorrie M. Dujmovich |
| Units | 5 |
|---|---|
| Zoning | Business,Commercial,Industrial-L |
| Acreage | 9.60 |
| Property | 13968 |
|---|
| State | WA |
|---|---|
| County | Whatcom |
| City | Bellingham |
| Zip Code | 98226 |
| Area | 860 Bellingham |
| Community Name | Cordata |
| Listing VS Median (in Cordata) | |
Price: $1,999,999 low | high Med: $499,500 On site: 140 low | high Med: 110.5 | |
| State | WA |
|---|---|
| County | Whatcom |
| City | Bellingham |
| Zip Code | 98226 |
| Area | 860 Bellingham |
| Community Name | Cordata |
| Listing VS Median (in Cordata) | |
Price: $1,999,999 low | high Med: $499,500 On site: 140 low | high Med: 110.5 | |
![]() | $1,999,9994777 Guide MeridianBellingham, WA 98226 |