About this home

Property Highlights at a Glance - Zoning: City Center (CC) • 6 contiguous parcels. Incentives - SIGNIFICANT Permit and Tax Benefits. Building Size: ~220,000+ GSF • 5 stories + garage. Frontage: Main St, 1st Av, Alder St, and River Walk. Possible Seller Carry: $3,000,000 2nd note @ 6% I/O (36 mo.).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).

Exterior features

Cement/ConcreteStoneWoodWood Products

Property details

Flooring: Concrete
Water source: Public
Sewer: Available, Sewer Connected

Costs

Annual taxes: $12,931 (2026)

Estimate your monthly payment

$33,945/mo

Principal & interest: $32,868
Property taxes: $1,078

Down payment (20%) $1,300,000 Interest rate (%) Loan term (years)

Loan amount $5,200,000

Estimate only — excludes homeowner's insurance and PMI. Rates shown are not a quote. Talk to us to connect with a lender.

Location

Ferndale, WA 98248

Approximate location. Contact us to confirm the exact address.

Listing courtesy of Windermere RE Whatcom, Inc.— Lyle Sorenson.Listing data courtesy of the Northwest Multiple Listing Service (NWMLS). Information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal.

Interested in this home?

Request a private tour or ask a question — a local agent will respond personally.