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    5391 Labounty Dr Ferndale, WA 98248

    Sponsored
    For Sale
    $1,500,000

    16.88-acre industrial land, prime location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 16.88-acre industrial land parcel presents a remarkable investment opportunity in Ferndale, Washington. Located at 5391 La Bounty Dr, 98248, this property boasts a highly visible location with easy access to Interstate 5, ensuring excellent exposure for any development. The land is characterized by flat, level topography, simplifying construction and minimizing site preparation costs. The property is zoned GC and is conveniently adjacent to existing utilities, streamlining infrastructure connections. A Site Plan Review (SPR) is currently underway with the City of Ferndale, with an estimated approval date of October 15, 2024. This project is envisioned as a multi-tenant warehouse development, offering significant potential for future income generation. The APN is 3902280870840000. Detailed plans, studies, and reports are available upon request. This is a rare opportunity to acquire a large, well-situated industrial land parcel in a thriving area, poised for immediate development. Don't miss this chance to secure a prime piece of Washington real estate.

    Property Features for 5391 Labounty Dr

    General Information

    Property type
    Land
    Lot Size
    735,293 SF

    HighLights

    • $1,500,000 asking price.
    • 16.88‑acre industrial land parcel.
    • Located at 5391 La Bounty Dr, Ferndale, WA 98248 (APN: 3902280870840000).
    • GC zoning.
    • Site Plan Review (SPR) in process with City of Ferndale, estimated approval October 15, 2024.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Auto Repair Shop Wholesale Shop Hair Salon Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Ferndale
    County
    Whatcom
    State
    Washington
    Longitude
    -122.5693285
    Latitude
    48.836966

    Nearby Comparable

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    Nearby Similar for Sale

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      Ferndale Retail Property for Sale

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      concrete floors

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      concrete floors

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    FAQs

    What type of property is this?
    Land - 16.88-acre industrial land, prime location.
    Where is this land located?
    The property is located at 5391 Labounty Dr Ferndale, WA.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: $1,500,000 asking price.; 16.88-acre industrial land parcel.; Located at 5391 La Bounty Dr, Ferndale, WA 98248 (APN: 3902280870840000).
    Request Owner's contact information
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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
    5391 Labounty Dr Ferndale, WA 98248
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