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Peterson Road - Watershed Business Park - Project #1 2.52 - 5.06 Acre Industrial Land Lots in Burlington, WA 98233

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Investment Highlights

  • 40.4 acres contiguous
  • Easy access to Interstate-5
  • Greenfield light industrial site

Executive Summary

Property is for sale or lease. Current state of entire 40.4 acres is greenfield with sewer improvements installed. Port of Skagit is pursuing 8 pad ready lots, which will create 30.32 acres of developable land in total, with 10.10 acres contiguous from Lots 1, 2, 3, and 20.22 acres contiguous with Lots 4, 5, 6, 7, 8.
Price is reflective of the site being delivered with all utilities, stormwater detention, trails, street and BSP in hand. All site due diligence has been completed.
Port is open to negotiate price and find creative options for sale of property if buyer does not want the Port to pursue improvements. Sale or lease will require Port Commission approval.
Additional +/- 82.6 acres available to the west for sale or lease.

Property Facts

Sale Type Owner User
No. Lots 10
Property Type Land
Property Subtype Industrial
Proposed Use
Commercial
  • Industrial
  • Office
  • Distribution
  • Food Processing
  • Industrial Park
  • Office Park
  • Research and Development
  • Warehouse
  • Agribusiness
Total Lot Size 38.29 AC
Zoning BR Light Industrial - https://www.codepublishing.com/WA/SkagitCounty/html/SkagitCounty14/SkagitCounty1416.html#14.16.180

10 Lots Available

Lot 1

Lot Size 5.06 AC

Lot 1 is available for sale or lease and offers 5.06 acres of greenfield development ready property. Port is in process of installing roads, utilities at curb, mitigating wetlands, grading lots, constructing stormwater ponds and trails.

Lot 2

Lot Size 2.52 AC

Lot 2 is available for sale or lease and offers 2.52 acres of greenfield development ready property. Port is in process of installing roads, utilities at curb, mitigating wetlands, grading lots, constructing stormwater ponds and trails.

Lot 3

Lot Size 2.52 AC

Lot 3 is available for sale or lease and offers 2.52 acres of greenfield development ready property. Port is in process of installing roads, utilities at curb, mitigating wetlands, grading lots, constructing stormwater ponds and trails.

Lot 4

Lot Size 2.95 AC

Lot 4 is available for sale or lease and offers 2.95 acres of greenfield development ready property. Port is in process of installing roads, utilities at curb, mitigating wetlands, grading lots, constructing stormwater ponds and trails.

Lot 5

Lot Size 4.69 AC

Lot 1 is available for sale or lease and offers 4.69 acres of greenfield development ready property. Port is in process of installing roads, utilities at curb, mitigating wetlands, grading lots, constructing stormwater ponds and trails.

Lot 6

Lot Size 4.56 AC

Lot 6 is available for sale or lease and offers 4.56 acres of greenfield development ready property. Port is in process of installing roads, utilities at curb, mitigating wetlands, grading lots, constructing stormwater ponds and trails.

Lot 7

Lot Size 4.49 AC

Lot 7 is available for sale or lease and offers 4.49 acres of greenfield development ready property. Port is in process of installing roads, utilities at curb, mitigating wetlands, grading lots, constructing stormwater ponds and trails.

Lot 8

Lot Size 3.55 AC

Lot 8 is available for sale or lease and offers 3.55 acres of greenfield development ready property. Port is in process of installing roads, utilities at curb, mitigating wetlands, grading lots, constructing stormwater ponds and trails.

Lot A

Lot Size 5.01 AC

Stormwater detention pond to be installed by Port of Skagit and will capture stormwater runoff from all lots. Pond will also create a 170ft buffer from the adjacent residents and country club.

Lot B

Lot Size 2.94 AC

Trail systems to be installed by Port of Skagit and will create a 100ft buffer from the adjacent residents.

Description

The Watershed Business Park Project 1 is a greenfield light industrial site owned by the Port of Skagit. Project 1 is approx. 40.4 acres total, however, the site has undergone a binding site plan approval work is moving forward to provide approx. 30.32 acres of developable land split over eight (8) pad ready lots ranging from ~2.5 - 5 acres in size. Project 1 is located in the middle of Skagit County, and the Northwest Puget Sound region. The property is located approx. 90 minutes from Seattle, 5 minutes from Highway 20 and Interstate-5, and provides almost immediate access to the Skagit Regional Airport for cargo and general aviation use. Site is: Greenfield Zoned Bayview Ridge Light Industrial All environmental permitting for wetland fill submitted Site fill and grade permit submitted Binding Site Plan submitted to divide site into 8 lots ranging between 2.5 to 5 acres in size Sewer installation complete To be fully delivered Fall 2026: Wetland mitigation completed All utilities, streets, and stormwater detention facilities installed Completed installation of trails and landscaping tract areas

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • P20979
  • P21003
Land Assessment
$4,634,100
Improvements Assessment
$0
Total Assessment
$4,634,100
  • Listing ID: 36504132

  • Date on Market: 6/26/2025

  • Last Updated:

  • Address: Peterson Road, Burlington, WA 98233

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