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Multifamily Development Site
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1655 Main St, Ferndale, WA 98248

Development-ready multifamily lot with plans nearly finalized for 66 units and 70 parking spaces.

Property SizeContact for details
Lot Size1.35 Acres
Days on Market122

Property Features for 1655 Main St

General Information

Standard status Active
Total Parking Spaces 70
Lot size 1.35 Acres
Property subtype Land

Additional Details

Highway Access Yes
Multifamily Units 66
Listing Agency: Pacific Continental Realty LLC
Listed By: KC Coonc · License #WA 17357
Source: Crexi
Added: Apr 10 Changed: Aug 8 Last Checked: Apr 11 at 12:00AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Pacific Continental Realty LLC

Investment Insights

Based on property information with market context.

This multifamily development site is ready for construction in late Spring, with plans drawn and nearly finalized at the City for a 66-unit project. The proposed unit mix includes studio, loft studio, and live/work configurations, along with two-bedroom options, and the plan provides for 70 parking spaces.

The site is located on East Main Street in Ferndale and sits in front of Kid’s World, with easy access to I-5. It is also next to the WTA Bus Depot. The lot size is 58,620 square feet, subject to seller recording lot segregation that separates the adjacent Kid’s World Daycare.

This is a flat multifamily site positioned for a multi-unit development following the near-final city review process.

Key Highlights

  • Development‑ready multifamily site on East Main Street in Ferndale with plans nearly finalized for 66 units
  • Unit mix planned for 66 units: 38 studios, 12 loft studios, 4 live/work studios, 2 live/work 2BR, 6 2BR, and 4 2BR lofts
  • Planned 70 parking spaces for the project

Property Analytics

Current Use

Residential land & home ...

Suggested Use

Top Pick Dental Office HVAC Service Electrical Service Grocery & Convenience Store Bakery (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

66
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

480
Businesses Nearby

Demographics for 98248, WA

26,784
Population
10,576
Households
2.5
Avg Household Size
39
Median Age
31%
College-Educated
93%
High-School Grad
71.8 sq mi
ZIP Area
373
Density / Sq Mi
$88,566
Median Household Income
$50,059
Median Earnings
$1,455
Median Rent
$550,300
Median Home Value
Rey
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Frequently Asked Questions

What type of property is this?
Residential land & home lot - Development-ready multifamily lot with plans nearly finalized for 66 units and 70 parking spaces.
Where is this residential land & home lot located?
The property is located at 1655 Main St Ferndale, WA.
What are key features of this property?
This property features: Development‑ready multifamily site on East Main Street in Ferndale with plans nearly finalized for 66 units; Unit mix planned for 66 units: 38 studios, 12 loft studios, 4 live/work studios, 2 live/work 2BR, 6 2BR, and 4 2BR lofts; Planned 70 parking spaces for the project
(360) 671-5000 Call to check price and availability
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