This exceptional 0.86-acre parcel in the heart of the desirable Roosevelt neighborhood offers a rare combination of historical charm, prime location, and outstanding development potential. The site features a substantial 20,000 sq ft warehouse originally constructed in the 1930s as a cannery, built with beautiful old-growth fir and cedar. While the structure stands as a testament to Bellingham's industrial past-with direct rail access where trains once stopped to load and unload goods-it is ready for its next chapter. Highest and best use shines through: the seller has already completed plans for a 14-unit townhouse development (Haven Designs). Permits have not yet been pulled, giving the next owner the ability to make edits and move quickly on this development. The lot is level, free of wetlands, and perfectly suited for residential development in one of Bellingham's most sought-after areas. Buyers looking to preserve the industrial character can continue using the warehouse for commercial purposes. With some thoughtful TLC, this sturdy, character-filled building-featuring its original heavy timber construction-could serve a variety of business needs while maintaining its historic appeal. The property sits directly adjacent to the popular Railroad Trail, offering immediate access to walking, biking, and outdoor recreation that defines Bellingham living. Residents and tenants will enjoy easy connectivity to downtown, nearby amenities, parks, and the vibrant community.