110 Samish WayBellingham, WA 98225

  • Other commercial real estate
  • 7,799 SF
For Sale
$2,900,000 View listing

Property Details for 110 Samish Way

Year built
1973
Lot size
1.06 AC
Property size (Sq ft)
7,799 SF
Zone code
CC
Property type
Other commercial real estate
APN
380331 467162 0000
APU
3803314671620000

Description

This exceptional 1.07-acre commercial property, situated at 110 N Samish Way in Bellingham, Washington, presents a compelling investment opportunity. Located within the Samish Urban Village zoning district, this site enjoys a highly desirable location adjacent to Western Washington University, ensuring a robust and consistent population base. The property's zoning allows for a variety of development options, making it ideal for retail establishments, mixed-use projects, or multi-family residential construction. Given the strategic location and the potential for significant growth in this area of Bellingham, this site offers substantial upside potential. The city and local government are actively promoting development within the Samish Way Urban Village district, offering various incentives to qualified projects. This translates into potential cost savings and streamlined approvals for developers. This is a rare chance to acquire a large parcel of land in a rapidly expanding area, poised for significant appreciation. The property's proximity to Western Washington University guarantees a steady stream of potential customers and residents, making it an attractive proposition for investors seeking strong returns. The existing zoning and the availability of city and government incentives further enhance the appeal of this exceptional development opportunity. Don't miss this chance to capitalize on the growth potential of Bellingham's Samish Urban Village.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $2,407,884
    Hospitality
    $2,205,608
    Educational
    $1,835,040
    Medical
    $1,898,150
    Retail
    $2,854,507
110 Samish Way, Bellingham, Washington

Location Insight

City
Bellingham
County
Whatcom
State
Washington
Latitude
48.7362
Longitude
-122.469
CBSA code
13380
CBSA name
BELLINGHAM, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$12,059
$1,108,283
$442,664
$1,550,947
-
$1,108,283
$442,664
$1,550,947

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