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115-155 Tremont Ave - Approved 260 Unit Multi-family Site 21 Acres of Commercial Land Offered at $7,900,000 in Bellingham, WA 98226
EXECUTIVE SUMMARY
21+/- acres in the City of Bellingham fully entitled and approved with City, State, and Federal land use permits fora mixed use 260unit multi-family development project featuring 40 large storage units, 8 (4) car garages, and small church. Tremont Ave bisects the Property, all services are either on the property or in the street. Site is close to medical/dental, shopping, I-5, retail services, Whatcom Community College, Jobs, Community Transit, N Bellingham Golf Course, a large City Park, and a Trail System. Easy access to Guide Meridian, Bakerview, and I-5. See attached Offering Memo for available reports and project specifics. PDC Approved! PFC Approved! Wetland Mitigation Approved!! Credits Purchase Approved!!!
TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER AC |
|---|---|---|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access
| Taxes | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
PROPERTY FACTS
| Price | $7,900,000 | Property Subtype | Commercial |
| Sale Type | Owner User | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 21.00 AC |
| Property Type | Land | ||
| Zoning | PIM2.5 | ||
| Price | $7,900,000 |
| Sale Type | Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Multifamily |
| Total Lot Size | 21.00 AC |
| Zoning | PIM2.5 |
1 LOT AVAILABLE
Lot
| Price | $7,900,000 | Lot Size | 21.00 AC |
| Price Per AC | $376,190.48 |
| Price | $7,900,000 |
| Price Per AC | $376,190.48 |
| Lot Size | 21.00 AC |
1 1
PROPERTY TAXES
| Parcel Number | 380201-461260-0000 | Improvements Assessment | $0 (2024) |
| Land Assessment | $31,181 (2024) | Total Assessment | $31,181 (2024) |
PROPERTY TAXES
Parcel Number
380201-461260-0000
Land Assessment
$31,181 (2024)
Improvements Assessment
$0 (2024)
Total Assessment
$31,181 (2024)
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115-155 Tremont Ave - Approved 260 Unit Multi-family Site
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