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    1009 Meridian Ave E Edgewood, WA 98371

    For Sale
    $2,300,000

    2.6-acre commercial corner lot in Milton/Edgewood, high visibility.

    Property size:
    2 SF
    Lot size:
    2.60 Acres

    Property Features for 1009 Meridian Ave E

    General Information

    Size
    2 SF
    Lot size
    2.60 Acres

    Source: Kyle Sterling Agent Kyle Sterling

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Commercial Corner For Sale

    This 2.6-acre commercial corner lot is available for sale in Milton/Edgewood. The property benefits from high visibility and strong traffic flow. Its flexible commercial zoning allows for retail, office, multifamily, and self-storage uses. The site features a corner lot location, relatively flat topography, and excellent frontage. It is ideally located directly across the street from Surprise Lake Square, a grocery-anchored shopping center featuring Safeway, Grocery Outlet, Anytime Fitness, MOD Pizza, and other national tenants. Month-to-month tenants are currently providing short-term cash flow. The property is located just off Meridian Ave.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Edgewood
    County
    Pierce
    State
    Washington
    Longitude
    -122.2935901
    Latitude
    47.2480001

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    FAQs

    What type of property is this?
    Land - 2.6-acre commercial corner lot in Milton/Edgewood, high visibility.
    Where is this land located?
    The property is located at 1009 Meridian Ave E Edgewood, WA.
    What is the asking price?
    The asking price for this property is $2,300,000.
    What are key features of this property?
    This property features: - Prime commercial corner location in Milton/Edgewood.; - Located directly across from Surprise Lake Square with Safeway, Grocery Outlet, Anytime Fitness, and MOD Pizza.; - 2.6-acre development site.
    (425) 586-5608
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    Edgewood, WA 98371
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1009 Meridian Ave E Edgewood, WA 98371
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