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    2127 Main St Ferndale, WA 98248

    Sponsored
    For Sale
    $1,650,000

    Prime Ferndale development site, permit-ready, 44-unit potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 5.16-acre commercial land parcel, located at 2127 Main St, Ferndale, WA 98248 (APN 3902305164900000 and 3902305164980000), presents a unique opportunity for multi-family development. Zoned Res-Nec, the site is fully engineered and permit-ready for a 44-unit multi-family project. All necessary utilities—sewer, gas, electricity, and water (via a community well and city lines)—are readily available. Easements are in place. The property benefits from participation in the "Catalyst" program, offering eight years of tax mitigation and reduced fees. Beyond the 5.16 acres, additional flood plane exchange property is included. This significantly reduces development risk and streamlines the construction process. The asking price is $1,650,000, translating to a land value of $7.34 per square foot. This prime location in downtown Ferndale offers exceptional potential for a high-return investment. The property's comprehensive preparation and advantageous program participation make it an ideal opportunity for developers seeking a streamlined and cost-effective project. This is a truly exceptional opportunity to capitalize on a ready-to-build multi-family development in a thriving Washington community.

    Property Features for 2127 Main St

    General Information

    Property type
    Land
    Lot Size
    224,770 SF

    HighLights

    • Sewer: City sewer available.
    • Gas: Natural gas service available.
    • Electricity: Electrical service available.
    • Easements: Property subject to easements.
    • Water Jurisdiction: City of Ferndale.
    • Water: Water supplied by community well, accessible via street.
    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

    Nearby Comparable

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    Nearby Similar for Sale

    • $285,000
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      Pioneer Flexspace Corner Unit

      Like-new flex space with storage and workspace in excellent condition.
      1929 Baltic Way, Ferndale, WA
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      5457-5463 Pacific Fern Dr, Ferndale, WA
      View Details
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      5,656 SF

      Visible Building in Central Whatcom

      Stand-alone building in shell condition, ready for its next phase.
      1990 Main St, Ferndale, WA 98248
      View Details
    • $328,000

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      2,200 SF flex space with I-5 access.
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      Ferndale Retail Property for Sale

      Retail property with 11,040 square feet of space.
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      concrete floors

      utility sink
      1986 Baltic Way, Ferndale, WA 98248
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      concrete floors

      utility sink
      1972 Baltic Way, Ferndale, WA 98248
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      concrete floors

      utility sink
      1986 Baltic Way, Ferndale, WA 98248
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      Ferndale Commercial Building - Main Street

      High-visibility Ferndale commercial space. Ideal for retail & warehouse.
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      I-5 Ferndale Storage Facility Investment

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    FAQs

    What type of property is this?
    Land - Prime Ferndale development site, permit-ready, 44-unit potential.
    Where is this land located?
    The property is located at 2127 Main St Ferndale, WA.
    What is the asking price?
    The asking price for this property is $1,650,000.
    What are key features of this property?
    This property features: Sewer: City sewer available.; Gas: Natural gas service available.; Electricity: Electrical service available.
    Request Owner's contact information
    2127 Main St Ferndale, WA 98248
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    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
    2127 Main St Ferndale, WA 98248
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