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    2131 Main St Ferndale, WA 98248

    Sponsored
    For Sale
    $930,000

    Prime Ferndale commercial lot, permit-ready.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 0.587-acre commercial land parcel, located at 2131 Main St in Ferndale, WA (98248), presents a unique investment opportunity. Zoned Res-Nec, this property is design-ready and permit-ready for a 20,000 square foot commercial building. The asking price is $930,000, translating to a land value of $36.37 per square foot. The property benefits from participation in Ferndale's "Catalyst" program, offering significant tax benefits and permit relief for eight years during the construction process. Situated conveniently next to the Ferndale library in the downtown area, this location offers excellent visibility and accessibility. Utilities are readily available, with sewer in the street and on the property, and gas and electricity readily accessible. The seller may have potential tenants lined up, adding further value to this already compelling investment. APN: 3902305165500000. This is a truly exceptional opportunity to capitalize on a prime commercial location in a thriving community.

    Property Features for 2131 Main St

    General Information

    Property type
    Land
    Lot Size
    25,570 SF

    HighLights

    • Sewer: Public sewer available.
    • Gas: Gas service available on‑site.
    • Electricity: Electricity service available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ferndale
    County
    Whatcom
    State
    Washington
    Longitude
    -122.59788578
    Latitude
    48.84837509

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    Nearby Similar for Sale

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      Stand-alone building in shell condition, ready for its next phase.
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      concrete floors

      utility sink
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      concrete floors

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      concrete floors

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    FAQs

    What type of property is this?
    Land - Prime Ferndale commercial lot, permit-ready.
    Where is this land located?
    The property is located at 2131 Main St Ferndale, WA.
    What is the asking price?
    The asking price for this property is $930,000.
    What are key features of this property?
    This property features: Sewer: Public sewer available.; Gas: Gas service available on-site.; Electricity: Electricity service available.
    Request Owner's contact information
    2131 Main St Ferndale, WA 98248
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2131 Main St Ferndale, WA 98248
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