Priced under assessed value. Opportunity to develop 5 acres zoned Regional Retail or work with the development-friendly City of Ferndale to rezone the property to General Business. Picture the potential of clearing the land and owner-occupying it, or constructing a building and leasing it out. Situated just off the Grandview Interchange, where Interstate 5 and State Route 548 intersect, Exit 266, achieve your goals at this prime location, whether you're considering development for leasing, building for a specific buyer, or occupying the acreage for your own business. Neighboring properties have successfully undergone the relatively simple zoning change to General Business. Water available from Whatcom PUD in street, as well as PSE power.