1310 G Street, Bellingham, WA 98225

Property Description

Rare development/commercial opportunity in the heart of Old Town Bellingham. This prime site previously had approved permits for a 50-unit multifamily apartment project, continues to qualify for the Multi-Family Housing Tax Exemption (MFTE), offering strong financial upside for developers pursuing new residential density in a high-demand urban corridor. The history of prior entitlements provides a proven roadmap for redevelopment, allowing flexibility for a revised or expanded vision. The existing improvements support a broad range of permitted commercial uses including retail, office, creative or design studios, service-based businesses, light production, and mixed commercial occupancy. This flexibility allows an investor or owner-user to generate income by leasing the property over several years while completing design, entitlement, or capital planning for future redevelopment. The property is strategically located minutes from Downtown Bellingham, the Waterfront District, and Western Washington University, with easy access to major transit routes, employment centers, and surrounding neighborhoods. Old Town continues to experience revitalization, with an 84-unit multifamily development currently underway nearby, reinforcing strong housing demand and long-term growth momentum. A rare combination of MFTE eligibility, proven development feasibility, flexible interim commercial use, and a highly desirable central location for investors, developers, or owner-operators.

Listing Status:

Active

Data Last Updated:

February 16, 2026 at 7:21AM

Listing Office:

KW Lake Washington So : 425-757-3465

Listing Agent:

Daniel Sebryakov : 253-854-9400

MLS ID:

2456055

Interior

• Flooring: LaminateSee RemarksVinyl PlankCarpet
• A/C: None
• Heating: Other – See RemarksRadiantWall Unit(s)
• Fireplace: Fireplaces: 0

Exterior

• General: Cement/ConcreteSee RemarksWood Products
• Parking: Parking spaces: 25

Construction

• Roofing: CompositionSee Remarks
• General: 70 - IndustrialPoured ConcreteSee Remarks

Location

• HOA Amenities: 0.0Not Applicable
• Originating MLS: nwmls
• County: Whatcom

Lot

• Topography: LevelSloped
• Zoning: 3802255313890000

Utilities

• Water: Public
• Sewer: Sewer Connected

Financial

• Source: nwmls