Prime High Density Multifamily Development Opportunity Positioned for efficient infill development, this 16,988 square foot (0.39-acre) parcel offers a rare opportunity in Ferndale’s Residential Multifamily High (RMH) zone, allowing 15 or more units per acre and building heights up to 55 feet. The site… Read More features a functional, buildable footprint with approximately 78 feet of frontage and 247 feet of depth, providing flexibility for a well-designed multifamily project. Conceptual planning supports a three-story apartment development in the 9 to 10 unit range, totaling approximately 12,000 square feet, with parking in the range of 16 to 20 stalls achievable through an efficient site layout. This property is well suited for developers seeking a high-density infill opportunity with a clear path to development and flexibility in design, including townhomes, small-scale multifamily, or a hybrid concept. With minimal excess land and a layout that naturally supports development, this is a strong opportunity for builders targeting a clean, efficient, and profitable project. Buyer to verify all development potential, density, parking, and design requirements with the City of Ferndale. Read Less
Listing courtesy of eXp Realty
Listing Snapshot
Cumulative Days On Market
32
Days on Website
94
Last Updated
Property Type
Land
Lot Size
0.39 Acres
Property Tax
$2,022
MLS Number
2490543
30 Days Snapshot Of 98248
$697k
+3%
(avg) sold price
25
-21%
homes sold
62
+8%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Road Surface: "Paved"
Building
Building Area Total: 0, Building Area Units: Square Feet, Building Name: B & J Short, Calculated Square Footage: 0, Elevation Units: Feet, Living Area: 0, Structure Type: "None"
Utilities: "Electricity Connected", "Natural Gas Available", Electric On Property Yn: t, Electricity Status: On Property, Gas Status: In Street, Water Source: "On Property"
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. Listings last updated on ,
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