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    Labounty Dr Ferndale, WA 98248

    Sponsored
    For Sale
    $996,644

    Prime Ferndale development opportunity, grocery-anchored.

    Property size:
    45,302 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 45,302 square foot commercial lot, located at La Bounty Dr in Ferndale, WA 98248, presents a compelling development opportunity. Situated on a corner lot with high visibility and traffic counts, this property benefits from its proximity to Main Street and convenient access to I-5. The site is shadow-anchored by a Haggen grocery store, ensuring strong consumer traffic and a vibrant commercial environment. Zoning regulations permit a diverse range of commercial uses, including the possibility of multi-family development, offering significant flexibility for potential investors. This lot is part of a larger parcel, with the option to purchase all three lots together or acquire Lot A individually. The asking price for this prime development land is $996,644. This location within Ferndale's bustling business center makes it an ideal investment for those seeking high-impact commercial development in a thriving community. The property is in Whatcom County and offers excellent drive-by exposure. Don't miss this chance to secure a piece of Ferndale's commercial heart.

    Property Features for 0 Labounty Dr

    General Information

    Property type
    Retail properties
    Square Feet
    45,302 SF

    HighLights

    • $996,644 asking price for 45,302 square feet of commercial land and retail space.
    • Located in Ferndale, WA, 98248, on La Bounty Dr. in Whatcom County.
    • Prime development opportunity with high traffic counts and I‑5 access.
    • Shadow anchored by Haggen grocery store.
    • Zoning allows for various commercial uses, including multi‑family.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Ferndale
    County
    Whatcom
    State
    Washington
    Longitude
    -122.5678381
    Latitude
    48.8337369

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    FAQs

    What type of property is this?
    Retail property - Prime Ferndale development opportunity, grocery-anchored.
    Where is this retail property located?
    The property is located at Labounty Dr Ferndale, WA.
    What is the asking price?
    The asking price for this property is $996,644.
    What are key features of this property?
    This property features: $996,644 asking price for 45,302 square feet of commercial land and retail space.; Located in Ferndale, WA, 98248, on La Bounty Dr. in Whatcom County.; Prime development opportunity with high traffic counts and I-5 access.
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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
    Labounty Dr Ferndale, WA 98248
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