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). Property Highlights at a Glance - Zoning: City Center (CC) 6 contiguous parcels. Frontage: Main St, 1st Av, Alder St, and River Walk. Building Size: ~220,000+ GSF 5 stories + garage. Incentives - SIGNIFICANT Permit and Tax Benefits. Possible Seller Carry: $3,000,000 2nd note @ 6% I/O (36 mo.).
| MLS # | 2578592 |
|---|---|
| Listing Type | For Sale |
| Style | Commercial Industrial |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 62 |
| Listing Provided By | Windermere RE Whatcom, Inc. | Lyle Sorenson |
| Zoning | Business,Commercial,Multi-Family |
|---|---|
| Acreage | 1.33 |
| Water Front | Yes |
| Property | 12931 |
|---|
| State | WA |
|---|---|
| County | Whatcom |
| City | Ferndale |
| Zip Code | 98248 |
| Area | 870 Ferndale | Custer |
| Community Name | Ferndale |
| Listing VS Median (in Ferndale) | |
Price: $6,500,000 low | high Med: $634,950 On site: 62 low | high Med: 116 | |
| State | WA |
|---|---|
| County | Whatcom |
| City | Ferndale |
| Zip Code | 98248 |
| Area | 870 Ferndale | Custer |
| Community Name | Ferndale |
| Listing VS Median (in Ferndale) | |
Price: $6,500,000 low | high Med: $634,950 On site: 62 low | high Med: 116 | |