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Neighborhood Retail Space
For Sale
$7,300,000

16116 Meridian East, Puyallup, WA 98375

Established retail property serving a dense residential trade area with nearby national retailers, restaurants, and daily-needs services.

Property Size16,800 SF
Days on Market22

Property Features for 16116 Meridian East

General Information

Standard status Active
Size 16,800 SF
Property subtype Retail

Building Details

Building Size 16,800 SF
Year Built 1995
Listing Agency: Lee & Associates Commercial Real Estate Services
Listed By: Yeh-Hee Hahn
Source: Lee-associates
Added: Sep 1 Changed: Sep 21 Last Checked: Sep 21 at 4:53AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lee & Associates Commercial Real Estate Services

Investment Insights

Based on property information with market context.

This retail property contains 16,800 square feet and was constructed in 1995. The asset is designated within the Pierce County Town Center zoning district and has an established operating history serving neighborhood-oriented retail demand.

Located at 16116 Meridian E in Puyallup, the property sits in the South Hill trade area of Pierce County. The surrounding commercial environment includes national retailers, restaurants, service businesses, and other daily-needs providers. Approximately 173,000 residents live within five miles, providing a substantial residential customer base. The area also reflects continued residential expansion and limited new retail development.

Key Highlights

  • 16,800‑square‑foot retail property
  • Pierce County Town Center zoning designation
  • Built in 1995

Property Analytics

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Current Use

De Koven Cleaners (Bike/Boat/Book/etc) Store Spotted Dog Pet ... Pet Grooming Service Little Caesars Pizza Restaurant Sunrise Nails & Spa Nail Salon Hello Pho Restaurant

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply Big Box & Wholesale Store Auto Parts Store HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

518
Businesses Nearby

Demographics for 98375, WA

33,316
Population
10,761
Households
3.1
Avg Household Size
34
Median Age
30%
College-Educated
93%
High-School Grad
9.7 sq mi
ZIP Area
3,435
Density / Sq Mi
$109,972
Median Household Income
$54,668
Median Earnings
$2,140
Median Rent
$471,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Retail in West region

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Established retail property serving a dense residential trade area with nearby national retailers, restaurants, and daily-needs services.
Where is this retail space located?
The property is located at 16116 Meridian East Puyallup, WA.
What is the asking price?
The asking price for this property is $7,300,000.
What are key features of this property?
This property features: 16,800‑square‑foot retail property; Pierce County Town Center zoning designation; Built in 1995
More about this property
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