5887 Cedar Street, Ferndale, WA 98248
- $400,000
Listing courtesy of RE/MAX Whatcom County, Inc..
- List Price
- $400,000
- Status
- ACTIVE
- MLS#
- 2548858
- Days on Market
- 9
- Lot Size (sq ft)
- 16,553
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.
/u.realgeeks.media/rolandacarriere/header.png)
Additional Information
- Community
- Ferndale
- Style
- 42 - Multi-Family
- Zoning Jurisdiction
- City
- Restrictions
- NO Manufactured Homes
- Sewer
- In Street
- Tax Year
- 2025
- School District
- Ferndale
- Potential Terms
- Cash
- Driving Directions
- I-5 North, exit 263 (Portal Way), at traffic circle, left on Portal Way, take 3rd exit off roundabout onto 2nd Ave/Portal Way, left on Portal Way, left on Cedar St.
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.