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Listed by:Muljat Group • Troy C. Muljat
$ 1,395,000
Est. payment | /mo
4.54 Acres Lot
$ 1,395,000
Est. payment | /mo
4.54 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Active
Purchase Type For Sale
Subdivision Ferndale
MLS Listing ID 2578502
Style 42 - Multi-Family
Annual Tax Amount $2,575
Lot Size 4.540 Acres
Property Sub-Type Land
Property Description
4.54-acre multifamily development site on Portal Way in Ferndale, with quick access to I-5. Site plans have already been prepared for a proposed five-story, 21,780 SF multifamily building with surface parking, stormwater vault, and modular wetland treatment. The property sits in a fast-growing submarket, with the immediate area projected to grow more than 4% annually through 2031! The area draws a mix of renter profiles. Household incomes across the area run above county norms, supporting strong achievable rents. A strong multifamily development opportunity for a developer, builder, or investor!
Location
State WA
County Whatcom
Area 870 - Ferndale/Custer
Interior
Fireplace false
Exterior
Utilities Available Electricity Available, Natural Gas Available
View Y/N No
Building
Sewer Available
Water Available
Schools
Elementary Schools Cascadia Elem
Middle Schools Vista Mid
High Schools Ferndale High
School District Ferndale
Others
Senior Community No
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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