1904 Main StFerndale, WA 98248

Property Details for 1904 Main St

Year built

1992

Property size (Sq ft)

70,772 SF

Zone code

MCD

Property type

Commercial real estate

APN

390229 311479 0001

APU

3902293114790001

Description

This exceptional commercial property, located at 1904 Main Street in Ferndale, Washington, 98248, presents a unique leasing opportunity. The single-story building, constructed in 2001, offers 9,785 square feet of versatile space ideal for a variety of retail or office uses. The property features abundant natural light and high ceilings, creating a bright and inviting atmosphere. Its prime Main Street location ensures high visibility and easy accessibility for customers and employees. Ample on-site parking is available, providing convenient access for patrons. The strategic location within the Samuels Center places the property in close proximity to established businesses such as Starbucks and Samuels Furniture, and directly across the street from Walgreens, ensuring high foot traffic and brand synergy. The space is available for multiple tenants, offering flexibility for businesses of varying sizes. This property is a perfect blend of convenience, visibility, and functionality, making it an attractive option for businesses seeking a thriving location in Ferndale. The property is categorized as both retail and office space, offering a versatile space for a variety of business needs. The minimum divisible space is 9,785 square feet.

• CAP approach

  CAP return

  Valuation

  6%

  $21,635,000

  6.5%

  $19,970,700

  7%

  $18,544,300

• Comparable approach

  Method

  Valuation

  Relative Method

  $21,512,800

  Geo Method

  $13,629,300

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $40,545,200

  Retail / Commercial

  $20,551,100

  Mixed-Use / Specialty

  $20,288,500

  Hospitality / Lodging

  $14,638,500

  Office

  $19,970,700

  Institutional / Educational

  $21,024,200

  Residential Income

  $24,598,300

  Multifamily

  $30,551,500

  Automotive / Energy

  $18,020,700

  Parking / Income-Based Land

  $6,405,800

  Restaurant / Food Service

  $10,148,100

  Healthcare / Senior Housing

  $20,999,600

Location Insight

City

Ferndale

County

Whatcom

State

Washington

Latitude

48.8456

Longitude

-122.585

CBSA code

13380

CBSA name

BELLINGHAM, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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