Active · Commercial Sale

1981 Main Street , Ferndale, WA 98248

Ferndale, WA 98248

$6,500,000

— bedrooms · — bathrooms · 0 sq ft

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Listing provided by Windermere RE Whatcom, Inc. · MLS #2578592 · Active

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About this property

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).

Property details

Property type: Commercial Industrial
Lot size: 57,840 sq ft
Association dues: $0 · frequency not provided
Annual property tax: $12,931 (2026)
Parking spaces: 0

Listings courtesy of Northwest MLS as distributed by MLS GRID.

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