2034 Main St Ferndale, WA 98248-9468
This exceptional commercial property, located at 2034 Main Street in the thriving downtown Ferndale, Washington, presents a unique investment opportunity. Priced at $1,600,000, the property encompasses two fully operational restaurants, complete with all fixtures and equipment, ensuring immediate income generation. The existing businesses are turn-key, ready for a new owner to step in and continue operations. Beyond the established revenue streams, the property's zoning allows for the construction of apartments above the existing structures, significantly expanding the potential return on investment. This presents a rare chance to capitalize on Ferndale's growth trajectory by adding residential units to a high-traffic, central location. The property sits on a lot of zero acres. The seller is offering owner financing with a low down payment, making this an accessible opportunity for serious investors. This is a prime location in a bustling downtown area, offering significant potential for both immediate income and future development. The combination of established businesses and development potential makes this a truly exceptional investment opportunity in a growing Washington town. Don't miss this chance to acquire a property with immediate income and substantial long-term growth potential. Serious inquiries only.
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Curry House Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2021Comparables
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
CTC · Ferndale, WACosts & 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.