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    4423-4621 Meridian Puyallup, WA 98373

    For Lease
    Contact for pricing

    Prime Retail Space, Multiple Units Available

    Lot size:
    46,903 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional retail property, Meridian Place, located at 4423-4621 S Meridian in Puyallup, WA 98373, offers a unique investment opportunity. Situated in Pierce County, this shopping center boasts a total of 46,903 square feet, with 21,371 square feet currently vacant. The property is ideally suited for multiple tenants, with spaces ranging from a minimum of 1,400 square feet to a maximum contiguous space of 16,324 square feet. This flexible layout allows for a variety of retail concepts and business sizes. The property's location in Puyallup, a vibrant city just 35 miles south of Seattle and at the base of Mount Rainier, provides excellent visibility and accessibility. Puyallup's strong economy, fueled by its agricultural heritage and thriving retail sector, including a modern regional medical center, ensures a robust customer base. The city's annual Washington State Fair, attracting over one million attendees, further enhances the area's economic vitality and foot traffic. This presents a compelling opportunity for businesses seeking a prominent location within a dynamic and growing community. The property's significant vacant space offers immediate potential for lease income generation and long-term value appreciation. This is a rare chance to acquire a substantial retail presence in a highly desirable location.

    Property Features for 4423-4621 Meridian

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    46,903 SF

    Unit(s) available at that property

    Space
    Suite 723-B
    Size
    16,324 SF
    Space
    Suite 823
    Size
    1,400 SF
    Space
    Suite 721
    Size
    1,400 SF
    Space
    Suite 819
    Size
    2,247 SF

    HighLights

    • Anchored by Grocery Outlet, Michaels, Starbucks, and McDonald's.
    • Excellent visibility and access from Meridian Ave.
    • New facade renovation (Phase I) complete.
    • Strong shopping center synergy.
    • Estimated NNN rent: $7.00 PSF.
    • 43,749 cars per day on S Meridian Ave.
    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 Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Puyallup
    County
    Pierce
    State
    Washington
    Longitude
    -122.2915684
    Latitude
    47.149636

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    FAQs

    What type of property is this?
    Lifestyle center - Prime Retail Space, Multiple Units Available
    Where is this lifestyle center located?
    The property is located at 4423-4621 Meridian Puyallup, WA.
    What are key features of this property?
    This property features: Anchored by Grocery Outlet, Michaels, Starbucks, and McDonald's.; Excellent visibility and access from Meridian Ave.; New facade renovation (Phase I) complete.
    Request Owner's contact information
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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
    4423-4621 Meridian Puyallup, WA 98373
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