Thank you
Barb Davison
Muljat Group
360-714-1880
This location is a huge opportunity! Right in the heart of the Samish Way Opportunity Zone District you may be eligible for an 8-10 year tax abatement on the improvements. Great property for a 1031 Exchange. The property is currently rented, you could live in or rent out the existing house and potentially build a 4+ plex on the property, townhouses with ADU's or take the house off and build a 21 unit apartment complex (see attached). Possible Owner Financing. Buyer to verify all information. For more info regarding the Opportunity Zone & Urban Village Plan visit the City of Bellingham planning website.
WaterSource: On Property
Lot Description: Paved
Lot Square Feet: 18295
Lot Acres: 0.42
Property Type: Land
Sub Type: Land
Structure Type: Industrial
Original List Price: $995000
Annual Tax: $2300
Tax Year: 2024
Parcel Number: 3803314762190000
Electricity Connected
Sewer: On Property
Water Source: On Property
Subdivision: Samish
City: Bellingham
Direction: Samish Way to E on Abbott Street
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
3209 Donovan Avenue, Bellingham, WA,98225 | $465,000 | 2 | 1 | 1,103 | 0.17 Acre |
2000 E Sunset Drive, Bellingham, WA,98225 | $1,300,000 | -- | -- | -- | 0.46 Acre |
1359 Olympic Way, Bellingham, WA,98225 | $2,490,000 | 3 | 3 | 2,589 | 0.52 Acre |
409 W Illinois Street, Bellingham, WA,98225 | $595,000 | 3 | 2 | 1,020 | 0.11 Acre |
417 Arbutus Place, Bellingham, WA,98225 | $899,000 | -- | -- | -- | 1.2993 Acres |
1025 Granary Avenue #201, Bellingham, WA,98225 | $790,000 | 2 | 2 | 1,235 | -- |
504 12th Street, Bellingham, WA,98225 | $1,479,000 | 3 | 3 | 1,991 | 0.06 Acre |
1025 Granary Avenue #202, Bellingham, WA,98225 | $660,000 | 1 | 2 | 877 | -- |
1025 Granary Avenue #406, Bellingham, WA,98225 | $530,000 | 1 | 2 | 763 | -- |
1025 Granary Avenue #502, Bellingham, WA,98225 | $710,000 | 1 | 2 | 824 | -- |
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Based on information submitted to the MLS GRID as of 05/09/2024 @ 06:20. All data is obtained from various sources and may not have been verified by the broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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ByOwner last updated this listing 05/09/2024 @ 06:20
MLS: NWMLS #2229564
LISTED BY: Barb Davison, Muljat Group
SOURCE: NWMLS - Northwest Multiple Listing Service
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.