2131 Main St Ferndale, WA 98248
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.