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Listed by:Windermere RE Whatcom, Inc. • Lyle Sorenson
$ 6,500,000
Est. payment /mo
First Look
1981 Main ST Ferndale, WA 98248
1.33 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial Industrial
Listing Status First Look
Purchase Type For Sale
Subdivision Ferndale
MLS Listing ID 2578592
Style 61 - Comm Bldg Ovr 10K
Annual Tax Amount $12,931
Lot Size 1.328 Acres
Property Sub-Type Commercial Industrial
Property Description
Property Highlights at a Glance - Zoning: City Center (CC) • 6 contiguous parcels. Incentives - SIGNIFICANT Permit and Tax Benefits. Building Size: ~220,000+ GSF • 5 stories + garage. Frontage: Main St, 1st Av, Alder St, and River Walk. Possible Seller Carry: $3,000,000 2nd note @ 6% I/O (36 mo.).The Ridgewater is a premier 1.25+ acre urban riverfront mixed-use development situated directly on the Nooksack River and Centennial Riverwalk Park in historic Downtown Ferndale, WA. Designed by Glenn Wells Architect, the 5-story podium projectfeatures 203 high-demand apartment units, 12,971 SF streetlevel commercial/retail space, and 270 structured parking stalls with panoramic views of Mount Baker and the river corridor. The asset seamlessly bridges urban downtown pedestrian vibrancywith the Pacific Northwest's outdoor lifestyle, commanding strong rental premiums across all floor plans.Shovel-Ready Trophy Waterfront Infill Positioned in the heart of Ferndale's downtown master plan. SIGNIFICANT municipal development incentives, tax abatements, and fee waiver programs are available for qualified developers (Request Confidential Underwriting Addendum).
Location
State WA
County Whatcom
Area 870 - Ferndale/Custer
Interior
Flooring Concrete
Fireplace false
Exterior
Exterior Feature Cement/Concrete, Stone, Wood, Wood Products
Waterfront Description Medium Bank,Bulkhead,River
Building
Sewer Available, Sewer Connected
Water Public
Others
Senior Community No
Acceptable Financing Cash, Conventional, See Remarks
Listing Terms Cash, Conventional, See Remarks
"Three Trees" icon indicates a listing provided courtesy of NWMLS.
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