For Sale
$9,250,000

5094 Labounty Rd Ferndale, WA 98248

24.53 Acres, Fully Entitled Multi-Family

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
139
This exceptional 24.53-acre commercial land parcel, located at 5094 La Bounty Rd, Ferndale, WA 98248 (APN 3902333443050000), presents a remarkable turnkey development opportunity. The property is fully entitled for a substantial mixed-use project, with all necessary land use permits secured on August 29, 2024. Preliminary civil design and critical areas mitigation approvals are also in place, significantly reducing development timelines. The approved plan encompasses 310 housing units, a diverse mix including 246 multi-family units, 50 townhomes, and 14 live-work units. Further enhancing the project's appeal is a planned 4,200 square foot commercial building ideal for retail or food and beverage establishments. A prime freeway-oriented commercial pad site, ranging from 10,000 to 30,000 square feet, is also included, presenting significant potential for uses such as RV/boat storage or future commercial development. This strategically located property in Whatcom County's rapidly growing area offers immediate access to key infrastructure and benefits from its Multi-Family zoning designation. The asking price for this fully permitted and ready-to-develop land is $9,250,000. Don't miss this chance to capitalize on a streamlined development process and a high-demand location.

Highlights

  • 24.53-acre commercial land parcel in Ferndale, WA.
  • Fully entitled for a 310-unit mixed-use project (246 multi-family, 50 townhomes, 14 live/work).
  • Includes a 4,200 SF commercial building and a 10,000-30,000 SF commercial pad site.
  • All necessary land use permits secured August 29, 2024; preliminary civil design and critical areas mitigation approvals complete.
  • Asking price: $9,250,000.

Property Details for 5094 Labounty Rd

Property type
Land
Lot Size (sq. ft)
1,068,527 SF

Location Insight

City
Ferndale
County
Whatcom
State
Washington
Latitude
48.825373
Longitude
-122.559993

FAQs

What type of property is this?
Land - 24.53 Acres, Fully Entitled Multi-Family
Where is the land located?
The property is located at 5094 Labounty Rd Ferndale, WA.
What is the asking price?
The asking price for this property is $9,250,000.
What are key features of this property?
This property features: 24.53-acre commercial land parcel in Ferndale, WA.; Fully entitled for a 310-unit mixed-use project (246 multi-family, 50 townhomes, 14 live/work).; Includes a 4,200 SF commercial building and a 10,000-30,000 SF commercial pad site.
How can I contact the broker?
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5094 Labounty Rd
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