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    OFF-MARKET
    Land

    22010 Meridian Ave, Graham, WA 98338

    0.4 ac lot
    Property ID
    Property summary
    AI-generated overview

    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 profile
    Verified
    Property type Land
    Lot 0.4 ac (17,424 SF)
    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
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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