SEATTLE—Oct. 27, 2016—Cushman & Wakefield Commerce in Seattle and CBRE have partnered to present Governors Point, an unparalleled investment opportunity for waterfront estate development on Bellingham Bay and Pleasant Bay, in the City of Bellingham, Washington. The firms announced today that the approximately 125.84 acre property, which includes more than 9,500 lineal feet (882.6 lineal meters) of marine shoreline, is being offered in two divided portions or as a single purchase of the entire acreage.
“Governors Point is an iconic offering that is rarely seen in today’s market,” said Gary Danklefsen, Senior Director-Cushman & Wakefield Commerce in Seattle. “With the property divided into two sections, the eight legal lots have the potential to be subdivided into 25 beautiful estate home sites.”
The North Portion of the peninsula includes approximately 46 acres with 4,600 lineal feet of marine shoreline on three legal parcels. The Southern Portion of the peninsula includes 4,900 lineal feet of marine shoreline, on 79 acres on five legal parcels.
Situated conveniently between Seattle, Washington and Vancouver, British Columbia, Canada, the property is located on the western side of Pleasant Bay Road and just north of Cove Road, in Bellingham, Whatcom County, WA.
Per Whatcom County, zoning is RR5A (Residential Rural District), which has a five-acre minimum lot size. Single-family homes and non-commercial boat docks are permitted in the zone.