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Investment Highlights

  • Rare 4.32-acre waterfront development opportunity
  • Existing approximately 20,000+ SF former cannery structure
  • Direct beach access
  • Approximately 369 feet of waterfront
  • Rare Waterfront Entitlement 38 feet from high tide mark

Executive Summary

755 Marine Drive presents a rare waterfront redevelopment opportunity in Point Roberts, Washington, encompassing approximately 4.32 acres with nearly 369 feet of shoreline frontage. The property includes an existing 20,216-square-foot former cannery building, offering a foundation for adaptive reuse or comprehensive redevelopment. Zoned Resort Commercial, the site supports a variety of hospitality, commercial, residential, and mixed-use concepts, subject to applicable approvals. Its waterfront setting provides direct beach access, expansive ocean views, and a unique coastal environment that is increasingly difficult to replicate in the Pacific Northwest. Previous development concepts envisioned a resort and spa destination, demonstrating the site's capacity for larger-scale hospitality-oriented projects. Located within convenient reach of Vancouver, B.C., Bellingham, and the greater Seattle region, the property offers a compelling opportunity for investors, developers, and hospitality operators seeking a distinctive waterfront asset.

Property Facts

Price $5,531,317 CAD
Price Per Room $197,547 CAD
Sale Type Investment
Property Type Hospitality
Property Subtype Hotel
Building Class B
Lot Size 4.32 AC
Construction Status Deferred
Building Size 37,747 SF
No. Rooms 28
No. Stories 2
Parking Ratio 1.93/1,000 SF
Corridor Interior
Zoning RC - Resort Commercial

Amenities

  • Restaurant
  • Spa
  • High Speed Internet Access
  • On-Site Bar
  • Beach (direct access)
  • Boutique/Lifestyle Hotel
  • Meeting Event Space
  • Wedding Venue
  • Public Access Wifi
  • Smoke-Free

Room Mix Information

Description No. Rooms Daily Rate SF
Guest Room 28 $336.45 CAD -
Not walkable
10/100
Exceptionally drivable
100/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Number
405309-497335-0000
Land Assessment
$3,274,433 CAD
Improvements Assessment
$1,342,411 CAD
Total Assessment
$4,616,844 CAD
  • Listing ID: 42023855

  • Date on Market: 2026-09-02

  • Last Updated:

  • Address: 755 Marine Dr, Point Roberts, WA 98281

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