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Property profile & analytics
OFF-MARKET
Commercial real estate

2 Queens Way Milton, WA 98354

Property ID
Property summary
AI-generated overview

This exceptional 0.99-acre commercial lot, located at 2 Queens Way in Milton, WA, presents a remarkable development opportunity. Situated in a high-visibility location just off Queens Way, adjacent to Meridian Avenue East, and shadow-anchored by the thriving Surprise Lake shopping center (including Safeway, Rite Aid, and Dollar Tree), this property boasts unparalleled access and exposure. The lot is zoned Business (B), reflecting its prime position within a rapidly expanding area experiencing significant growth. The high volume of passing vehicles (VPD) ensures substantial visibility for any future development. This build-ready lot features complete infrastructure, including curbs, gutters, and sidewalks, simplifying the development process. Easy ingress and egress, along with connection to regional drainage, further enhance its appeal. The property's location in the burgeoning Meridian corridor, between Milton and Edgewood, provides convenient access to I-5 and major highways, maximizing its strategic advantage. While currently suited for office and retail development, the potential for other uses exists, subject to site plan amendment. Don't miss this chance to capitalize on the exceptional growth potential of this highly desirable location. This is a rare opportunity to secure a prime commercial lot in a thriving area with excellent infrastructure and high visibility.

Property profile
Verified
Property type Commercial real estate
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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