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1981 Main Street, Ferndale
$6,500,000
2578592 MLS ⋅ ACTIVE Status
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).

1981 Main Street, Ferndale

Listing Broker: Windermere RE Whatcom, Inc.; Lyle Sorenson; 360-927-8685; LyleSorenson@windermere.com

1955 Eaton Avenue, Ferndale
$1,550,000
2572692 MLS ⋅ ACTIVE Status
9-Unit Multifamily Investment property with 6.3% Cap Rate. This income opportunity comprised of two well-maintained, adjacent properties in a great investment area of Ferndale: a 6-unit building at 1955 Eaton St and a triplex at 5825 Portal. All 9 units are currently occupied, with a strong base of long-term renters providing stable, in-place income, and the property sits outside the flood plain. The unit mix includes 6 three-bedroom, one-bath units, 2 two-bedroom, one-bath units, and 1 one-bedroom, one-bath unit, with rents ranging from $1,300 to $1,700 per month. The location is minutes from downtown shopping and restaurants, with easy access to parks, schools, freeway and the bus line. Highlights include on-site laundry, ample parking, an enclosed courtyard that adds a layer or privacy, and a new roof installed in 2025 on the triplex unit. The property is zoned RM High Density, offering potential upside for additional units (buyer to verify with the city). With a 6.2% cap rate, consistent occupancy, and a strong location in a growing investment area, this is a solid addition to any income portfolio. Buyer to verify all information, including zoning potential, square footage, and income/expense details.

1955 Eaton Avenue, Ferndale

Listing Broker: Muljat Group; Ian Steger; 360-220-5113; ian@muljatgroup.com

5500 Nordic Way, Ferndale
$3,600,000
2481105 MLS ⋅ ACTIVE Status
Rare permitted industrial site with immediate I-5 access, positioned between Seattle and Vancouver, B.C. for efficient north–south distribution. The 3.1-acre fully improved site provides ample room for truck circulation, equipment staging, and outdoor storage. The 26,000 SF building offers 18' clear span height, multiple grade-level drive-in doors, 480V three-phase / 1,600-amp power, a fire suppression system, heated warehouse bays, and 1,500 SF of dedicated office. The site holds active coverage under the Washington State Department of Ecology Sand and Gravel General Permit (WAG507227), effective April 1, 2026 through March 31, 2031, and transferable subject to Ecology approval. This is a significant advantage for concrete, aggregate, and heavy-industrial users, because obtaining new discharge permit coverage adds time and cost. It is well suited to an owner-user or investor in a growing industrial corridor. Available for sale or lease.

5500 Nordic Way, Ferndale

Listing Broker: Muljat Group; Mike Bredeson; 360-201-5088; mike@johnsonteamrealestate.com

1886 Trigg Road, Ferndale
$1,088,800
2402638 MLS ⋅ ACTIVE Status
Extraordinary location & series of business opportunities with classic home, minutes from US/BC border, north of Bellingham. High visibility, situated on large corner parcel at Portal Way & Triggs Rd. Shy 4.5-acre parcel, if combined with adjacent parcel (#2402639) also for sale w/ the same high-demand MXD (Mixed-Use Commercial/Residential) zoning. Somewhat near I-5, without the noise. Privacy trees nearby. Convenient space that can be accessed from Portal Way with trucks. Unique opportunities for expansion of development here. Surrounded by an excellent mix of residential properties, along with grocery & farm stores, restaurants & coffee spots. Share business/development plan on neighboring parcel or develop separate theme, income streams.

1886 Trigg Road, Ferndale

Listing Broker: John L. Scott Anacortes; Ryan Kent Smith; 360-865-1798; TheNorthwest@gmail.com

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.
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