2513 Meridian Avenue E Edgewood, WA 98371

Listing office COMPASS Show Phone

Listing date Jan 23, 2026

Source Corcoran

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Investment Insights

Based on property information with market context.

This is a significant investment opportunity to acquire a fully-entitled, shovel-ready multifamily development located in Edgewood Town Center. The property is a 0.94-acre lot with approved permits and complete architectural and civil plans for a high-demand mixed-use project. The development features two buildings offering 39 residential units and two retail or office spaces, along with 54 parking stalls. Designed with modern living and convenience in mind, the project includes a gym or flex space, bike storage, EV chargers, and carport parking. Utilities are available via a renovated street. The location offers excellent exposure with 16,000 cars per day and is close to I-5, Hwy 18, and Hwy 167. The area has a robust population and strong growth potential. Rent projections, project valuation, ROM construction estimates, approved architectural, civil, MEP, and site development landscaping plans are available.

Key Highlights

• Shovel‑ready multifamily development with fully‑entitled and approved permits.
• Approved plans for a mixed‑use project with 39 residential units and 2 retail/office spaces.
• Includes 54 parking stalls, EV chargers, and carport parking.

Property Analytics

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FAQs

What type of property is this?

Commercial land - Shovel-ready mixed-use development with approved permits in Edgewood Town Center.

Where is this commercial land located?

The property is located at 2513 Meridian Avenue E Edgewood, WA.

What is the asking price?

The asking price for this property is $1,650,000.

What are key features of this property?

This property features: Shovel‑ready multifamily development with fully‑entitled and approved permits.; Approved plans for a mixed‑use project with 39 residential units and 2 retail/office spaces.; Includes 54 parking stalls, EV chargers, and carport parking.