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Investment Highlights

  • 5-acre land parcel providing development flexibility in a growing market.
  • Located near established neighborhoods, retail centers, and community services.
  • Promising opportunity to capitalize on regional housing demand trends.
  • Convenient access to I-5, offering connectivity to Seattle and Vancouver, BC.
  • Minutes from downtown Bellingham and close to Squalicum High School.

Executive Summary

This 5-acre parcel on Division Street offers a unique opportunity for residential development in the thriving Bellingham market. Located within Whatcom County, the site enjoys proximity to established neighborhoods and essential amenities while maintaining ease of access to major roadways including Interstate 5, which connects directly to Seattle and Vancouver, BC. The surrounding area features a mix of residential communities, retail centers, and reputable schools, creating an appealing context for future development.
Positioned along Division Street, the property benefits from a quiet locale while remaining minutes away from downtown Bellingham, providing convenient access to employment hubs, educational institutions, and recreational facilities. The large acreage ensures flexibility for multiple site plans, whether for single-family or multi-unit residential use, subject to zoning and approvals. Buyers can leverage the consistent population growth and rising housing demand in Whatcom County, making this an attractive long-term investment.

Property Facts

Price $8,143,534 CAD
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Industrial
Proposed Use Industrial
Total Lot Size 9.40 AC
Zoning PI

1 Lot Available

Lot

Price $8,143,534 CAD
Price Per AC $866,333.40 CAD
Lot Size 9.40 AC

Description

5.71 useable acres of Planned Industrial zoned property next to Costco in Bellingham ready for your building plans. This property has been cleared, graded, compacted, and covered with crushed rock. Another huge plus for the property is that it has been connected to the City of Bellingham Regional Stormwater Facility which allows for maximum use of the property. Heavy power, natural gas, city water and sewer are in the street fronting the property. The completed entitlements to build on this property cost well over 1.5 million dollars and took several years of effort allowing for the buyer to expedite their construction and use of the property. Seller also owns adjacent planned commercial property that fronts Pacific Hwy.

Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
20/100
Fairly bikeable
40/100

Property Taxes

Property Taxes

Parcel Number
380211-282099-0000
Land Assessment
$2,609,097 CAD
Improvements Assessment
$0 CAD
Total Assessment
$2,609,097 CAD
  • Listing ID: 28147371

  • Date on Market: 2023-04-05

  • Last Updated:

  • Address: 0 Division St, Bellingham, WA 98226

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