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Listed by:RE/MAX Whatcom County, Inc. • Amy Bowhay
$400,000
Est. payment /mo
0.38 Acres Lot
New
5887 Cedar ST Ferndale, WA 98248
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Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Active
Purchase Type For Sale
Subdivision Ferndale
MLS Listing ID 2548858
Style 42 - Multi-Family
Annual Tax Amount $2,337
Lot Size 0.380 Acres
Lot Dimensions 92'x181'x39'x77'x150'
Property Sub-Type Land
Property Description
Prime RM1.5 high density multifamily site offering exceptional development potential in the heart of Ferndale. Zoning supports 15+ units per acre with building heights up to 55 ft, plus this lot has the unique benefit of reduced 3' side setbacks on the north and south lot lines to maximize buildable area. Current concept plan features a 12-unit townhome community with a mix of 2 & 3 bedroom layouts, each designed with 2-car garages. Large, level, and cleared 16,553 sqft lot with 92 ft of street frontage. All prior foundations and structures have been fully demo'd and utilities capped at the street. Extensive feasibility completed, including proposed site plan, building & utilities, elevations & landscape plans. Surrounded by several newly completed multifamily projects, this location has already proven itself as a profitable development corridor. Property may qualify for the City of Ferndale's Property Tax Exemption program—a compelling advantage for investors and builders. Buyer to verify all development details with the City of Ferndale. Outside the flood zone.
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
Lot Description Paved
Sewer In Street
Water In Street
Schools
School District Ferndale
Others
Senior Community No
Acceptable Financing Cash
Listing Terms Cash
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