Build Opportunity. 7,405 sq ft lot in Bellingham’s Commercial Core. The property is situated in the Downtown Urban Village District which has a multifamily housing development benefit of exempting minimum parking requirements per City Ordinance No 2025-01-001. Ideal for a urban village multifamily over limited commercial development. Excellent fit for a WWU student housing project, conventional housing, or tax-credit housing with a Waker’s Paradise score of 98 and Very Bikeable score of 88. Projects nearby have been highly successful with almost no vacancy and fast absorption. No height restrictions or setbacks allow for a high-density project. Adjacent 6,970 sq ft lot that fronts Holly Street is also available for a total combined site of 14,375 sq ft.