2127 Main St Ferndale, WA 98248

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.