1009-1013 Meridian Ave E $2,900,000

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    1009-1013 Meridian Ave E Edgewood, WA 98372

    • 2.60 Acres
    • Commercial/Industrial
    Listing# 1490266 | Active

    $2,900,000

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    Days On Market: 68 0 Views
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    Property Details

    Excellent location of Commercial property in City of Edgewood w/approx 300 ft of frontage on Meridian Ave E. Across from Surprise Lake shopping center. Electric, water, sewer, gas on property & ready for development. Currently income producing w/5 tenants, approx $13,000/mo, buyout agreements in place. Zoned High Density Commercial. 48 units/acre for single family, retail, hotel. Great opportunity for income producing residential, retail development w/limited locations available in the area.

    • General Features
      • County Pierce
      • Zoning Class Business, Commercial, Industrial-Light, Office, Residential, Retail
      • Zoning Jurisdiction City
      • Style 75-Retail
      • Approx Building SqFt 3,300
      • Approx Whse/Mfg SqFt 0
      • Approx Office SqFt 0
      • Total Uncovered Parking 0
      • Total Covered Parking 0
      • Lot Dimensions 300 x 372
    • Building Features
      • Exterior Wood
      • Foundation Concrete Block, Slab
      • Roof Composition, Torch Down
      • Floor Covering Concrete, Hardwood, Vinyl
      • Features Signage Included, Storage
      • Heating and Cooling Baseboard
      • Ceiling Height 14
    • Property Features
      • Lot Square Footage 113,256
      • Depth of Lot 372
      • Site Frontage 300
      • Expansion Area Y
      • Environment Survey N
      • Water-Sewer-Garbage 0
      • Sewer Sewer Connected
      • Sewer Company Lakehaven Water District
      • Energy Source Electric, Natural Gas
      • Power Company Puget Sound Energy
      • Number of Available Pads 0
    • Financials
      • Vacancy Rate 0
      • Total SqFt Rented 0
      • Total Monthly Rent $13,625
      • Gross Rent Multiplier 0
      • Cap Rate -NOI div LP 6
      • Gross Scheduled Income $144,000
      • Gross Adjusted Income $144,000
      • Total Expenses $18,318
      • NOI $0
      • Electrical Expenses $0
      • Tax Expense $14,318
      • Heating Expense $0
      • Insurance Expense $3,000
      • Annual Assoc. Dues $0
      • Other Expenses $1,000
      • Tax Year 2018

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    Neighborhood

    98372 (Edgewood) Demographics

    40Median Age
    1,822Population Density (per sq. mile)
    37%College Educated
    $67,258 Estimated Median Income
    5,340Estimated Total Home Owners
    3,962Estimated Total Renters
    57% / 43%Estimated Owner / Renter Divide
    2Estimated Average Household Size
    24,849Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $449,500 Median Sales Price
    41 Homes Sold
    0 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $2,900,000
        7/14/2019 10:32:00 AM New in Database Source

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        This property search is part of the Reliance Network website. Listing information is courtesy of the WA-NWMLS and Reliance Network. Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2019. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental Information has not been verified by agent and should be verified by buyer.