Samish Way Development Site
Permit-Ready Multi-Housing Development Site in Bellingham, WA
Marketing description
JLL has been exclusively retained for the sale of 800 Samish Way (the "Property" or "Site"), in Bellingham's popular Happy Valley submarket.
The Site is comprised of approximately 36,590 square feet of permit-ready, commercial zoned land. Future tenants will benefit from over 4.1 million square feet of retail within a 10-minute drive of the Property, which is ideally located along the I-5 corridor.
Just a 2-minute drive from both the I-5 north and south on-ramps, the Site offers unparalleled connectivity to Bellingham's primary employment centers as well as the nearby submarkets of Mount Vernon, Everett, and the broader Puget Sound region. Bellingham's economy is heavily driven by Western Washington University, alongside other major employers including St. Joseph's Hospital, British Petroleum, and the headquarters of Haggen Food & Pharmacy. Located less than a 5-minute drive from the university, the 800 Samish Way Development Site is ideally positioned to benefit from the robust demand created by the university's 14,000 students and 2,300 faculty and staff.
Investment highlights
Vested under 2018 energy code
Available under Bellingham's 12-year and 20-year MFTE program
Proximate to Western Washington University and Bellingham Employers
Lack of supply and in-migration bolster submarket fundamentals
Abundance of retail and recreational amenities
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