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Listed by:eXp Realty • Tim Cornwell
$350,000
Est. payment /mo
0.39 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Pending
Purchase Type For Sale
Subdivision Ferndale
MLS Listing ID 2490543
Style 42 - Multi-Family
Annual Tax Amount $2,022
Lot Size 0.390 Acres
Property Sub-Type Land
Property Description
Prime High Density Multifamily Development Opportunity Positioned for efficient infill development, this 16,988 square foot (0.39-acre) parcel offers a rare opportunity in Ferndale's Residential Multifamily High (RMH) zone, allowing 15 or more units per acre and building heights up to 55 feet. The site features a functional, buildable footprint with approximately 78 feet of frontage and 247 feet of depth, providing flexibility for a well-designed multifamily project. Conceptual planning supports a three-story apartment development in the 9 to 10 unit range, totaling approximately 12,000 square feet, with parking in the range of 16 to 20 stalls achievable through an efficient site layout. This property is well suited for developers seeking a high-density infill opportunity with a clear path to development and flexibility in design, including townhomes, small-scale multifamily, or a hybrid concept. With minimal excess land and a layout that naturally supports development, this is a strong opportunity for builders targeting a clean, efficient, and profitable project. Buyer to verify all development potential, density, parking, and design requirements with the City of Ferndale.
Location
State WA
County Whatcom
Area 870 - Ferndale/Custer
Interior
Fireplace false
Exterior
Utilities Available Electricity Connected, Natural Gas Available
View Y/N No
Building
Lot Description Paved, Sidewalk
Sewer On Property
Water On Property
Schools
School District Ferndale
Others
Senior Community No
Acceptable Financing Cash
Listing Terms Cash
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