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Property profile & analytics
OFF-MARKET
Land

2131 Main St Ferndale, WA 98248

0.59 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 0.587-acre commercial land parcel, located at 2131 Main St in Ferndale, WA (98248), presents a unique investment opportunity. Zoned Res-Nec, this property is design-ready and permit-ready for a 20,000 square foot commercial building. The asking price is $930,000, translating to a land value of $36.37 per square foot. The property benefits from participation in Ferndale's "Catalyst" program, offering significant tax benefits and permit relief for eight years during the construction process. Situated conveniently next to the Ferndale library in the downtown area, this location offers excellent visibility and accessibility. Utilities are readily available, with sewer in the street and on the property, and gas and electricity readily accessible. The seller may have potential tenants lined up, adding further value to this already compelling investment. APN: 3902305165500000. This is a truly exceptional opportunity to capitalize on a prime commercial location in a thriving community.

Property profile
Verified
Property type Land
Lot 0.59 ac (25,570 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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