5644 Barrett RdFerndale, WA 98248

  • Land
  • 1.13 AC
For Sale
$750,000 View listing

Property Details for 5644 Barrett Rd

Lot size
1.13 AC
Zone code
MCD
Property type
Land
Property subtype
Commercial land
APN
390228 010469 0000
APU
3902280104690000

Description

This exceptional 1.13-acre commercial property at 5644 Barrett Road in Ferndale, WA, presents a remarkable investment opportunity. Its prime location, just off Interstate 5, offers unparalleled accessibility and visibility, placing it within easy reach of both Vancouver, BC, and Bellingham. The nearly 50,000 square foot, level, asphalt-paved lot is zoned MXD (Mixed Use District), allowing for a diverse range of commercial and residential possibilities. Imagine a thriving mixed-use development incorporating retail, restaurants, offices, or even a multi-family component. The generous zoning opens doors to a wide array of businesses, from a convenient drive-through coffee shop to a full-service bank, pharmacy, or restaurant. The property's strategic location near Main Street and I-5 ensures high traffic counts, providing significant potential for businesses seeking a high-visibility location. Other suitable uses include a hotel, office center, auto/truck repair facility, convenience store with fuel, or contractor offices, all benefiting from ample parking and storage space. This is a rare chance to acquire a well-positioned, versatile commercial property with significant growth potential. The asking price is $750,000.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $15,250,958
    Hospitality
    $13,969,796
    Educational
    $11,622,706
    Medical
    $12,022,429
    Retail
    $18,079,766
5644 Barrett Rd, Ferndale, Washington

Location Insight

City
Ferndale
County
Whatcom
State
Washington
Latitude
48.8467
Longitude
-122.573
CBSA code
13380
CBSA name
BELLINGHAM, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2021
$2,886
$398,354
-
$398,354
-
$398,354
-
$398,354

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