$6,500,000
( )
 $34,893 est/mo Sourced by Back At You

1981 Main Street,Ferndale, WA 98248

Ferndale, WA 98248

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Description

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).

Details

MLS #2578592
Listing TypeFor Sale
StyleCommercial Industrial
Sub-TypeResale
StatusComing Soon
Days On Site13
Listing Provided ByWindermere RE Whatcom, Inc. | Lyle Sorenson

Features

ZoningBusiness,Commercial,Multi-Family
Acreage1.33
Water FrontYes

Taxes

Property12931

Area Information

StateWA
CountyWhatcom
CityFerndale
Zip Code98248
Area870 Ferndale | Custer
Community NameFerndale
Listing VS Median (in Ferndale)
Price:
$6,500,000
low | high
Med:
$649,900
100% of Average
On site:
13
low | high
Med:
27
48.148148148148% of Average
Sourced by Back At You

Market Activity 98248

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Based on information submitted to the MLS GRID as of September 24, 2026 at 3:05:03 PM PDT. 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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Learn More About This Property

StateWA
CountyWhatcom
CityFerndale
Zip Code98248
Area870 Ferndale | Custer
Community NameFerndale
Listing VS Median (in Ferndale)
Price:
$6,500,000
low | high
Med:
$649,900
100% of Average
On site:
13
low | high
Med:
27
48.148148148148% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $4.875M - $8.125M
sqft: 0 - 0
Nearby Listings Property ImageNearby Listings Details
1990 Main Street Property Photo 1
$699,000
1990 Main Street
Ferndale, WA 98248
Listing Updated: September 16, 2026 at 11:56:46 AM PDT