5094 Labounty Rd Ferndale, WA 98248
- Commercial real estate
- 24.53 lot acres
Current Use by Public Records
- Shredder Shack / Music Store
Property Details for 5094 Labounty Rd
- Lot size
- 24.53 lot acres
- Property type
- Commercial real estate
- APN
- 3902333443050000
Description
This exceptional 24.53-acre commercial land parcel, located at 5094 La Bounty Rd, Ferndale, WA 98248 (APN 3902333443050000), presents a remarkable turnkey development opportunity. The property is fully entitled for a substantial mixed-use project, with all necessary land use permits secured on August 29, 2024. Preliminary civil design and critical areas mitigation approvals are also in place, significantly reducing development timelines. The approved plan encompasses 310 housing units, a diverse mix including 246 multi-family units, 50 townhomes, and 14 live-work units. Further enhancing the project's appeal is a planned 4,200 square foot commercial building ideal for retail or food and beverage establishments. A prime freeway-oriented commercial pad site, ranging from 10,000 to 30,000 square feet, is also included, presenting significant potential for uses such as RV/boat storage or future commercial development. This strategically located property in Whatcom County's rapidly growing area offers immediate access to key infrastructure and benefits from its Multi-Family zoning designation. The asking price for this fully permitted and ready-to-develop land is $9,250,000. Don't miss this chance to capitalize on a streamlined development process and a high-demand location.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Ferndale
- County
- Whatcom
- State
- Washington
- Longitude
- -122.559993
- Latitude
- 48.825373
