Rare investment opportunity in Ferndale! This 2-parcel, mixed use property is some of the last remaining land in town for infill, meeting the City of Ferndale's housing demand. This 15-acre parcel is identified in the City's Housing Element allowing the R2 portion to be developed with up to 8 housing units without the need for a subdivision. The R2 portion of the parcel could be subdivided from the Ag. Exclusive portion into several smaller 6,000 sqft lots. There may be interest from the city in buying a portion of the parcel for potential stormwater features and open space. The smaller commercial parcel which is already partially developed currently would allow a single-family residence with ADU or with a use permit up to a four-family dwelling. Come see what Ferndale has to offer!