Listed by Saratoga Commercial
$2,600,000
110 N Samish Way
Details
Property Type Retail, Multifamily
Sub Type Commercial
Square Footage 16,000
Units 70
Price per SqFt $67
Class C
Year Built 1973
Year Renovated 2006
Buildings 1
Acreage 1.070
Zoning Samish Urban Village
Investment Type Redevelopment
Ground Lease No
Retail | 16,000 SqFt
Marketing description
110 North Samish is a 1.07-acre site in the “Opportunity Zone” with access directly from Samish Way in Bellingham and adjacent to both the freeway and Western Washington University. The Samish district provides tremendous opportunity and has seen many recently completed and ongoing redevelopments.
The 110 North Samish property is ideal for an investor or developer. City and government incentives offered to developers in the Samish Way Urban Village district.
The offering provides an opportunity to acquire an investment property, with the potential for immediate or future redevelopment.
Investment highlights
- Prostock Athletic Site
- Samish urban village
- Opportunity zone
- Western Washington University adjacent
- 1.07-acre site (46,660 sq ft)
- Existing 16,000 SQ FT building
- Building Square Footage: 16,000 sf
- Could be demised into: Retail Space 3,500 sf, Office Space 4,500 sf and Industrial Space 8,000 sf
- Year Built 1973, Remodeled in 2006
- Total Land 46,660 sf
- Samish Way Urban Village Commercial
- Core / Commercial Approach
- Per the municipal code (20.37.110), The Samish Way Urban Village Commercial Core area is intended to be the densest area within the urban village with the highest concentration of housing and employment.
- Under Samish Way Urban Village Commercial Core and Commercial Approach, there is no maximum density, and the maximum height restriction is 75 feet.
- No setbacks from property line required
- Allowable uses include multi-family (apartments or condos), office, medical facilities, and more.
- City and government incentives offered to developers in the Samish Way Urban Village district.
- Major bus line
Listing Contacts
Listed by Saratoga Commercial
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