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    22010 Meridian Ave Graham, WA 98338

    Sponsored
    For Sale
    $348,480

    Prime 0.4-acre lot, ready to build

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 0.4-acre commercial lot, located at 22010 Meridian E in Graham, WA 98338, presents a unique investment opportunity. Priced at $348,480, this property boasts a prime location within the Graham-Meridian Town Center, benefiting from high visibility due to its proximity to major thoroughfares (SR 161 & 224th, with 22,000 daily drivers) and anchor tenants such as Burger King, Popeyes, O'Reilly, and Dutch Bros. The lot features 17,437 square feet and is zoned R-10, with a vested Phase 111 site plan already in place. All utilities are stubbed, and a community septic system is installed, minimizing upfront development costs. The approved site plan allows for a wide range of uses, including community cultural services, healthcare facilities, administrative and professional offices, educational services, daycares, business services, restaurants, food stores, auto sales and repair, personal services, and retail. The property offers excellent access to Meridian. While a Letter of Intent for a ground lease exists, the seller is open to exploring partnerships, build-to-suit options, or outright sale. The buyer will be responsible for minor upgrades based on their chosen development. Please note that any offer should be contingent upon the existing ground lease agreement. Additional properties, MLS 2232826 and 2232592, may also be available.

    Property Features for 22010 Meridian Ave

    General Information

    Property type
    Land
    Lot Size
    17,424 SF

    HighLights

    • 0.4‑acre commercial lot in Graham, WA, priced at $348,480.
    • High‑visibility location in Graham‑Meridian Town Center, near SR 161 & 224th (22,000 daily drivers), with nearby anchor tenants.
    • 17,437 sq ft lot, R‑10 zoning, vested Phase 111 site plan, utilities stubbed, community septic system.
    • Approved site plan allows diverse uses including retail, restaurants, and professional offices.
    • Seller open to sale, build‑to‑suit, or partnerships; existing Letter of Intent for ground lease.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    Graham
    County
    Pierce
    State
    Washington
    Longitude
    -122.296333
    Latitude
    47.056157

    Nearby Comparable

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      Former Retail Space on Meridian

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    FAQs

    What type of property is this?
    Land - Prime 0.4-acre lot, ready to build
    Where is this land located?
    The property is located at 22010 Meridian Ave Graham, WA.
    What is the asking price?
    The asking price for this property is $348,480.
    What are key features of this property?
    This property features: 0.4-acre commercial lot in Graham, WA, priced at $348,480.; High-visibility location in Graham-Meridian Town Center, near SR 161 & 224th (22,000 daily drivers), with nearby anchor tenants.; 17,437 sq ft lot, R-10 zoning, vested Phase 111 site plan, utilities stubbed, community septic system.
    (253) 631-9545
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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
    22010 Meridian Ave Graham, WA 98338
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