22010 Meridian Ave, Graham, WA 98338
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.