2316 Meridian Ave E $699,950

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    2316 Meridian Ave E Edgewood, WA 98371

    • 0.42 Acres
    • Commercial/Industrial
    Listing# 828149 | Pending
    Days On Market: 1532 46 Views
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    Property Details

    Attention developers, franchisors and investors! Prime corner lot with 108 linear feet of frontage on SR 161/Meridian Ave E. Includes 2 parcels totaling .420 ac/18,276 sf with large cash flow/commercial building on north lot. The Town Center (TC) zoning district is envisioned as the heart of Edgewood. Business, commercial, multi-family and more permitted. Electricity, gas, sewer and water on property or in street. Use this rare and unique opportunity to succeed with the growing City of Edgewood!

    • General Features
      • County Pierce
      • Approx Building SqFt 3,192
      • Approx Office SqFt 0
      • Approx Whse/Mfg SqFt 0
      • Zoning Class Business, Commercial, Multi-Family, Office, Residential, Retail
      • Style 60-Comm Bldg Und 10K
      • Total Covered Parking 0
      • Total Uncovered Parking 12
      • Zoning Jurisdiction City
    • Building Features
      • Exterior Brick
      • Foundation Poured Concrete
      • Roof Flat, Torch Down
      • Floor Covering Concrete, Vinyl, Wall-to-Wall Carpet
      • Heating and Cooling Wall
    • Property Features
      • Depth of Lot 135
      • Site Frontage 108
      • Water-Sewer-Garbage 3375
      • Sewer Sewer Available, Septic
      • Energy Source Electric
      • Power Company PSE
      • Number of Available Pads 0
      • Lot Square Footage 18,276
    • Financials
      • Vacancy Rate 5
      • Total SqFt Rented 3,192
      • Total Monthly Rent $3,600
      • Gross Rent Multiplier 16
      • Cap Rate -NOI div LP 4
      • Gross Scheduled Income $43,200
      • Gross Adjusted Income $41,040
      • Total Expenses $15,437
      • NOI $25,603
      • Electrical Expenses $0
      • Tax Expense $6,313
      • Heating Expense $0
      • Insurance Expense $5,749
      • Other Expenses $0
      • Tax Year 2018
      • Annual Assoc. Dues $0

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    Neighborhood

    98371 (Edgewood) Demographics

    42Median Age
    1,770Population Density (per sq. mile)
    36%College Educated
    $63,663 Estimated Median Income
    5,686Estimated Total Home Owners
    2,626Estimated Total Renters
    68% / 32%Estimated Owner / Renter Divide
    2Estimated Average Household Size
    20,409Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $458,373 Median Sales Price
    33 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: $699,950
        9/30/2019 5:21:40 PM Status Changed Source New Value: Pending
        8/3/2019 5:11:05 PM Status Changed Source New Value: Pending Feasibility
        6/13/2019 9:01:15 AM Status Changed Source New Value: Active
        8/12/2015 2:13:00 PM 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.