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).

Location

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Basics

Property type: Commercial Industrial
Style: Comm Bldg Ovr 10K
Lot size: 57,840 sq ft (1.33 acres)
County: Whatcom
MLS #: NWM2578592

Interior

Heating: None
Cooling: None
Flooring: Concrete

Exterior & lot

Exterior features: Cement/Concrete, Stone, Wood, Wood Products
Topography: Level,Sloped
Waterfront: Yes

Utilities

Water: Public
Sewer: Available, Sewer Connected
Power: Electric, Natural Gas

Community & fees

Subdivision: Ferndale
Property tax: $12,931 (2026)

Transaction

Listed on: Sep 11, 2026
Days on market: 0
Listing terms: Cash, Conventional, See Remarks
Possession: Closing

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Schools

High: Ferndale High School
SchoolDigger 3 stars · Top 39% in WA

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Listing provided courtesy of: Windermere RE Whatcom, Inc.

Listing agent: Lyle Sorenson.

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. IDX information provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Data last updated 2026-09-16.