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    900 Meridian Ave Milton, WA 98354

    For Lease
    $32 SF/Yr

    Milton Shopping Center: High Visibility, Ample Parking

    Lot size:
    9,900 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    Surprise Lake Square offers a prime retail opportunity in Milton, Pierce County. This established 9,900 square foot shopping center boasts a strong grocery anchor (Safeway) and national tenant (Anytime Fitness), ensuring high traffic and visibility. The center is strategically located between I-5 and State Route 167, providing excellent access to a large customer base in Milton, as well as nearby Federal Way, Puyallup, Fife, Kent, and Auburn. Currently, there are three available spaces ranging from 1,400 to 5,860 contiguous square feet, with a total of 8,951 square feet currently vacant. The property features ample parking, with a ratio of 5 spaces per 1,000 square feet. This well-established neighborhood shopping center benefits from existing residential and commercial development, offering a strong foundation for new businesses. Potential tenants will enjoy high visibility on a premier Milton corner and proximity to various amenities, including The Mill Steakhouse and other businesses within the center. The center's location offers easy access to major roadways, ensuring convenient commutes for both employees and customers. This is an exceptional opportunity to establish or expand your business in a thriving retail environment.

    Property Features for 900 Meridian Ave

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    9,900 SF
    Total Rate
    26400

    Unit(s) available at that property

    Space
    Suite 816
    Size
    5,860 SF
    Space
    Suite 21C
    Size
    1,691 SF
    Rate per SF
    $35
    Space
    Suite 25
    Size
    1,400 SF
    Rate per SF
    $32

    HighLights

    • 9,900 SF retail shopping center in Pierce County.
    • Multiple tenancy with 3 spaces available, ranging from 1,400 SF to 5,860 SF contiguous.
    • 8,951 SF currently vacant.
    • 5 parking spaces per 1,000 SF.
    • Grocery‑anchored center with high visibility in Milton, WA, near I‑5 and SR 167, offering convenient access to surrounding cities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    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
    Milton
    County
    Pierce
    State
    Washington
    Longitude
    -122.3178467
    Latitude
    47.2498904

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    FAQs

    What type of property is this?
    Lifestyle center - Milton Shopping Center: High Visibility, Ample Parking
    Where is this lifestyle center located?
    The property is located at 900 Meridian Ave Milton, WA.
    What is the lease rate?
    The lease rate is $0.00-$35 SF/Yr.
    What are key features of this property?
    This property features: 9,900 SF retail shopping center in Pierce County.; Multiple tenancy with 3 spaces available, ranging from 1,400 SF to 5,860 SF contiguous.; 8,951 SF currently vacant.
    Request Owner's contact information
    900 Meridian Ave Milton, WA 98354
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    Milton, WA 98354
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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
    900 Meridian Ave Milton, WA 98354
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