1 Queens Way Milton, WA 98354
This exceptional 0.99 acre commercial lot, located at 1 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 are guaranteed, along with connection to the regional drainage system. The property's strategic location in the Meridian corridor, between Milton and Edgewood, offers convenient access to I-5 and major highways, enhancing its appeal to a wide range of businesses. While currently suited for office and retail development, potential alternative uses may be available through a site plan amendment. Don't miss this chance to capitalize on the burgeoning growth in this desirable area. The asking price is $776,713.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.