Investment Opportunity!! RV/Boat/ Mini storage project with a site area of 4.7 acres, located in Ferndale with lots of new residential development to draw on as a customer base within a five-mile radius. This project completed its Site Plan Review with the City of Ferndale, and is being updated as we speak. Owner is moving forward with Civil Plans. It will have 120 enclosed units, heated and sprinkled. No wetlands on the property; a survey and infiltration study have been completed. Excellent CAP rate and low comparative construction cost make this project highly attractive. With a huge demand for RV storage solutions in the area, there is a strong potential for high profits & growth! All to be verified by buyer. Can design to suit.
MLS# | 2355925 |
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Listing Type | For Sale |
Style | Farm or Ranch |
Sub-Type | Resale |
Status | Active |
Days On Site | 22 |
Listing Provided By | ONE Realty | Paul Oglesbee |
Acreage | 4.70 |
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State | WA |
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County | Whatcom |
City | Ferndale |
Zip Code | 98248 |
Area | 870 Ferndale | Custer |
Community Name | Ferndale |
School District | Ferndale |
Listing VS Median (in Ferndale) | |
Price: $1,400,000 low | high Med: $698,250 On site: 22 low | high Med: 6.000000 |