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$2,487,500
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Property Description
US Bank | Absolute Net: Tenant signed new lease starting Aug 1, 2025 for a five year lease at 12,939.78 per month which put the property at a 6.00 Cap. There are also Two additional 5 year extensions with rent increases potentially pushing the lease to 2040.Tenant is responsible for all expenses and maintenance on the property and has been a tenant since 1985.
Full Property Details
Full Property Details for 2031 Main St
General
- Sold For: $2,487,500
- Status: Closed
- Type: Retail
- Source: NWMLS
- MLS ID: 2274100
- Added to Site: 534 day(s) ago
Location
- Area: 870 - Ferndale/Custer
- County: Whatcom
- Subdivision: Ferndale
- Driving Directions: IPhone
Structural Information
- Structure Type: Retail
- Exterior Const.: Stone, Wood, Wood Products
- Roof: Composition
- Year Built: 1960
Lot Features
- Lot Size (Acres): 0.57
- Lot Size (Sq. Ft.): 24,829
- Zoning: Commercial
Financial Considerations
- Terms: Cash Out
Disclosures and Reports
- Special Conditions: None
- Property ID: 3902291024970000
Listed by Erich Bubbel | The Foundation Group LLC | (425) 637-7777
Sold by Mikala Murphy | Hansen Group Real Estate Inc
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Schools
Schools serving 2031 Main St
School District:Ferndale School District
| Name | Grades | Distance |
|---|---|---|
Central Elementary School, Ferndale, WA 5610 2nd Avenue, Ferndale, WA 98248 | PK-5 | 0.1 mi |
Vista Middle School 6051 Vista Drive, Ferndale, WA 98248 | 6-8 | 1 mi |
Ferndale High School 5830 Golden Eagle Drive, Ferndale, WA 98248 | 9-12 | 0.4 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 2031 Main St
Date
Details
Price
Change
Source
11/18/2024
Sold
$2,487,500
-3.96%
MLS
8/05/2024
Listed
$2,590,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
2031 Main Street, Ferndale, WA 98248 (MLS# 2274100) is a Retail property that was sold at $2,487,500 on November 18, 2024. Want to learn more about 2031 Main Street? Do you have questions about finding other Retail real estate for sale in Ferndale? You can browse all Ferndale real estate or contact a Coldwell Banker agent to request more information.

