6143 Portal Way, Ferndale, WA 98248
- $1,500,000
Listing courtesy of Muljat Group.
- List Price
- $1,500,000
- Status
- ACTIVE
- MLS#
- 2547859
- Days on Market
- 26
Property Description
Exceptional investment opportunity with 4.7+ acres of commercially zoned property in the highly desirable Portal Way corridor of Ferndale. The property is currently leased through 2030 with scheduled rent increase already in place, providing stable, long-term income. Property has three buildings on it, two currently being used by the tenant and one that is not usable. With strong visibility, a sought-after location and future development potential, this property offers an outstanding opportunity for investors seeking both immediate cash flow and long-term upside.
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Additional Information
- Community
- Ferndale
- Style
- 60 - Comm Bldg Und 10K
- Year Built
- 1955
- Potential Terms
- Cash, Conventional
- Driving Directions
- Use GPS.
- Energy Source
- Electric, Natural Gas
- Gross Adjusted Income
- $74,400
- Gross Scheduled Income
- $74,400
- Cap Rate
- 5
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