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3700 Consolidation Avenue

Bellingham, WA 98225
  • $3,000,000
  • STATUS: Active
  • ON SITE: 33 Days
  • ID#: 1857885
UPDATED: 68 min ago
$3,000,000
  • 0
    BEDS
  • 0.99
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:
Area:

School Information

Elementary School:
Middle School:
High School:
School District:
Listing Courtesy of Pacific Continental Realty Llc.

Description

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.

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The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Better Properties Lacey are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-11-28T23:14:19.87.

www.betterpropertieslacey.com/homes/122766888
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3700 Consolidation Avenue Bellingham, WA 98225

  • Price: $3,000,000
  • Status: Active
  • On Site: 33 Days
  • Updated: 68 min ago
  • ID#: 1857885
0
Beds
0
Baths
0
½ Baths
0.99
Acres
Neighborhood:
Samish
County:
Whatcom
Area:
Bellingham
Elementary School:
Happy Vly Elem
Middle School:
Fairhaven Mid
High School:
Sehome High
School District:
Bellingham
Property Description
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.
Exterior Features

Carport YN No Garage YN No Lot Features Cul-De-SacPaved Road Surface Type Paved Structure Type Multi Family Style Code 42 - Multi-Family Topography Level View YN No Waterfront YN No

Interior Features

Building Area Total 0 Fireplace YN No Furnished Unfurnished Living Area 0 Square Footage Finished 0 Square Footage Unfinished 0

Property Features

Electric On Property YN Yes Electricity Status On Property FIRPTAYN No Gas Status On Property Irrigation Water Rights YN No Listing Terms Cash OutConventional Possession Tenant's Rights Possible Use Multi-Family Property Sub Type Land Road Information Paved Senior Community YN No Sewer Available Special Listing Conditions None Utilities Natural Gas AvailableElectricity Connected Water Source Available Zoning Class Multi-Family Zoning Jurisdiction City

Listing information © 2021 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by Better Properties Lacey and should be verified by the buyer.


The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Better Properties Lacey are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-11-28T23:14:19.87.

 
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Better Properties Lacey
3201 Willamette Dr NE, Ste E
Lacey WA, 98516
Listing Courtesy of Pacific Continental Realty Llc.