REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Jeremy Briggs

jeremy.briggs@evrealestate.com +1(206) 247-5058

Listed by:Windermere RE Whatcom, Inc. • Mike Kooy

$ 395,000

Est. payment -/mo

Save

Active

5709 3rd AVE Ferndale, WA 98248

8,276 Sqft Lot

UPDATED:

Key Details

Property Type Vacant Land

Sub Type Land

Listing Status Active

Purchase Type For Sale

Subdivision Ferndale

MLS Listing ID 2572744

Style 42 - Multi-Family

Annual Tax Amount $2,808

Lot Size 8,276 Sqft

Property Sub-Type Land

Property Description

Fantastic multifamily development opportunity in the heart of downtown Ferndale. The value is in the land, with architectural and civil design complete for a 9-unit apartment building with an optional retail component along the 3rd Avenue frontage. The completed design work is included in the sale, offering significant time and cost savings for a future developer. City of Ferndale Urban Residential (UR) zoning provides flexibility for mixed commercial and/or high-density residential development. Conveniently located within walking distance of shopping, restaurants, and grocery stores, with quick access to I-5, this property is well positioned for strong long-term rental demand. The existing 2-bedroom home, 2-car garage, and two outbuildings are in need of updating and would require rehabilitation if a buyer intends to preserve and utilize the existing improvements.

Location

State WA

County Whatcom

Area 870 - Ferndale/Custer

Interior

Fireplace false

Exterior

Utilities Available Electricity Connected, Natural Gas Available

View Y/N Yes

View City, Mountains, See Remarks, Territorial

Garage Yes

Building

Lot Description Curbs, Paved, Sidewalk

Sewer In Street, On Property

Water Available, In Street, On Property, See Remarks

Schools

School District Ferndale

Others

Senior Community No

Acceptable Financing Cash, Conventional, Rehab Loan, VA Loan

Listing Terms Cash, Conventional, Rehab Loan, VA Loan

"Three Trees" icon indicates a listing provided courtesy of NWMLS.

NEARBY SCHOOLS & PROPERTIES

Jeremy Briggs

Real Estate Advisor License ID: 134661

+1(206) 247-5058

GET MORE INFORMATION