Riverfront Mixed-Use
1981 Main Street, Ferndale, WA 98248
For Sale
$6,500,000
A downtown development plan combines apartments, street-level commercial space, and structured parking beside the Nooksack River.
Property Size220,000 SF
Lot Size1.25 Acres
Price / SF$29.55
Days on Market37
Property Features for 1981 Main Street
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Zoning
Site & Location
Road Access
Mixed-Use Components
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Stories
Construction
Listing Agency:
Windermere RE Whatcom, Inc.
Listed By:
Lyle Sorenson
(360) 927-8685
Source:
Rennie
Added: Oct 2
Changed: Nov 6
Last Checked: Nov 7 at 9:33AM
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 Windermere RE Whatcom, Inc.
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Investment Insights
Based on property information with market context.
The planned five-story podium development spans six contiguous parcels and is described at approximately 220,000+ GSF, including a garage. Plans call for 203 apartment units, 12,971 square feet of street-level commercial and retail space, and 270 structured parking stalls. The site comprises 1.25+ acres and is zoned City Center (CC).
The property fronts Main Street, 1st Avenue, Alder Street, and River Walk. It sits along the Nooksack River beside Centennial Riverwalk Park, with views of the river corridor and Mount Baker. Municipal development incentives, tax abatements, and fee waiver programs are available to qualified developers.
The property fronts Main Street, 1st Avenue, Alder Street, and River Walk. It sits along the Nooksack River beside Centennial Riverwalk Park, with views of the river corridor and Mount Baker. Municipal development incentives, tax abatements, and fee waiver programs are available to qualified developers.
Key Highlights
- Planned 203‑unit apartment component
- 12,971 SF of street‑level commercial and retail space
- 270 structured parking stalls
Property Analytics
Who owns this building?
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Current Use
Lease Details
203
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
561
Businesses Nearby
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Business Placement
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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A downtown development plan combines apartments, street-level commercial space, and structured parking beside the Nooksack River.
Where is this mixed-use property located?
The property is located at 1981 Main Street Ferndale, WA.
What is the asking price?
The asking price for this property is $6,500,000.
What are key features of this property?
This property features: Planned 203‑unit apartment component; 12,971 SF of street‑level commercial and retail space; 270 structured parking stalls
