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2010 Grandview Road

Ferndale, WA 98248
  • $1,995,000
  • STATUS: Pending Feasibility
  • ID#: 2062970
Under Contract
UPDATED: 35 min ago
$1,995,000
  • 0
    BEDS
  • 9.7
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
2009
County:

School Ratings & Info

Northwest MLS logoListing information ©2024 Northwest MLS. Listing courtesy of John L. Scott Bellingham.
Mortgage Calculator is provided by BoomTown.

Description

Stable passive income and growth opportunity just off I-5. The Grandview Park consists of a 13,120 sq ft 8-bay bldg, leased office/apartment, and smaller office bldg. Total 14,946 sq ft. 9.7 acres (4 acres usable) - plenty of pad-ready land for more bldgs, or lease the land to businesses needing to park cars/trucks/storage. Current income and bldg footprint gives a 5.2% cap rate + extra 1.75 acres land for development or lease, pushing proforma cap rate to 7+%

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The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Icon Group are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. The three tree icon refers to an NWMLS listing. Data last updated 2024-02-28T23:14:26.277. The "Days on Site" data field is calculated by BoomTown and is the number of days since the listing was originally received in our system. It is not the equivalent of "Days on Market".
Based on information submitted to the MLS GRID as of 2024-02-28T23:14:26.277. 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.
www.iconrealestategroup.com/homes/139146397
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2010 Grandview Road Ferndale, WA 98248

  • Price: $1,995,000
  • Status: Pending Feasibility
  • On Site: Days
  • Updated: 35 min ago
  • ID#: 2062970
0
Beds
0
Baths
0
½ Baths
9.7
Acres
2009
Built
Neighborhood:
Ferndale
County:
Whatcom
Area:
Ferndale/Custer
Property Description
Stable passive income and growth opportunity just off I-5. The Grandview Park consists of a 13,120 sq ft 8-bay bldg, leased office/apartment, and smaller office bldg. Total 14,946 sq ft. 9.7 acres (4 acres usable) - plenty of pad-ready land for more bldgs, or lease the land to businesses needing to park cars/trucks/storage. Current income and bldg footprint gives a 5.2% cap rate + extra 1.75 acres land for development or lease, pushing proforma cap rate to 7+%
Exterior Features

Carport YN No Exterior Features Metal/VinylWood Products Open Parking YN No Parking Total 162 Roof Metal Structure Type Unspecified Style Code 61 - Comm Bldg Ovr 10K Topography Level Vegetation Wooded

Interior Features

Building Area Total 0 Cooling Forced Air Cooling YN Yes Fireplace YN No Flooring ConcreteCarpet Heating Forced Air Heating YN Yes Interior Features ConcreteWall to Wall Carpet Living Area 0 Square Footage Finished 0 Square Footage Unfinished 0

Property Features

Association Fee 0 Association YN No Energy Source ElectricNatural Gas FIRPTAYN No First Right Of Refusal No Foundation Details Poured Concrete Irrigation Water Rights YN No Listing Terms Cash OutConventionalOwner Financing Possession ClosingTenant's Rights Possible Use Business Power Company PSE Power Production Type ElectricNatural Gas Property Condition Good Property Sub Type Commercial Industrial Senior Community YN No Sewer Septic Tank Sewer Company Septic Special Listing Conditions None Tax Annual Amount 9283 Tax Year 2023 Water Company PUD #1 Water Source Public Zoning Class Business Zoning Jurisdiction City



The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Icon Group are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. The three tree icon refers to an NWMLS listing. Data last updated 2024-02-28T23:14:26.277. The "Days on Site" data field is calculated by BoomTown and is the number of days since the listing was originally received in our system. It is not the equivalent of "Days on Market".
Based on information submitted to the MLS GRID as of 2024-02-28T23:14:26.277. 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.
 
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Icon Group
11223 SE 248th Street
Kent WA, 98030
Northwest MLS logoListing information ©2024 Northwest MLS. Listing courtesy of John L. Scott Bellingham.
Mortgage Calculator is provided by BoomTown.