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    OFF-MARKET
    Land

    0 Bakerview Rd, Bellingham, WA 98226

    13.81 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 13.81-acre development site, located off E. Bakerview Road in Bellingham, Washington (zip code 98226), presents a remarkable opportunity for multi-family development. Currently zoned for 165 units, the property offers significant potential for up to 361 units after applying density bonus credits. The gently sloped land boasts stunning southern territorial views. Water and sewer utilities are conveniently located on the site. The property is being sold as-is, as part of an estate sale. While no formal wetland delineation has been conducted, the City of Bellingham's wetland map indicates potential wetlands in the northwest corner. The property's APN numbers are 3803073330850000, 3803073280540000, 3803073371190000, and 3803073150260000. This prime location in central north Bellingham makes this a phenomenal opportunity to acquire a medium-density development site. The asking price is $4,500,000.

    Property profile
    Verified
    Property type Land
    Lot 13.81 ac (601,564 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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