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    Lot A B C Labounty Dr Ferndale, WA 98248

    Sponsored
    For Sale
    $2,752,128

    Prime Ferndale commercial land, mixed-use zoning.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 3.51-acre commercial land parcel presents a remarkable development opportunity in the thriving city of Ferndale, Washington. Strategically located off Main Street, this property boasts exceptional visibility and high traffic counts, benefiting from its proximity to I-5 for convenient access. The site is ideally positioned near Haggen, a significant shadow anchor tenant, further enhancing its appeal and potential. The property's Mixed-Use Commercial zoning allows for a diverse range of commercial uses, including the possibility of multi-family residential development, providing flexibility for a variety of investment strategies. The parcel is identified by APN numbers 3902294414160000, 3902294564160000, and 3902294744160000. The asking price for the entire 3.51-acre parcel is $2,752,128. Note that Lot A is also available for separate purchase at $22 per square foot, totaling $996,644. This prime location in Ferndale's business center offers unparalleled potential for significant return on investment. Don't miss this chance to secure a prominent position in a rapidly growing market. The property is situated in Whatcom County, Washington, with a 98248 zip code.

    Property Features for 0 Lot A B C Labounty Dr

    General Information

    Property type
    Land
    Lot Size
    152,896 SF
    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?
    Land - Prime Ferndale commercial land, mixed-use zoning.
    Where is this land located?
    The property is located at Lot A B C Labounty Dr Ferndale, WA.
    What is the asking price?
    The asking price for this property is $2,752,128.
    (360) 820-2000
    Request Owner's contact information
    Lot A B C Labounty Dr 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
    Lot A B C Labounty Dr Ferndale, WA 98248
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