Property profile

3850 Meridian Puyallup, WA 98373

OFF-MARKET
Retail properties & Spaces
26,089 SF 2.09 ac lot Built 1989
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Property summary

AI-generated overview

South Hill Plaza, a single-story, 26,089 square foot Class C retail center in Puyallup, WA, offers a prime opportunity for retail businesses. Built in 1989, this multi-tenant property sits on 2.09 acres at the northeast corner of South Meridian and 39th Avenue SW, enjoying a highly visible location adjacent to South Hill Mall. The property boasts excellent signage opportunities, including front and back building signage, plus two monument signs. Currently, 2,162 square feet of space is available, with one unit totaling 4,231 square feet. The property features ample parking with a 6/1,000 ratio, and is zoned LMX. The high-traffic intersection sees over 60,000 vehicles daily, providing excellent visibility and accessibility with a "right in/right out" design from both streets. This location offers exceptional potential for businesses seeking high foot traffic and strong brand visibility in a thriving retail environment. The property's convenient location and ample parking make it an attractive option for a variety of retail uses.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1989
Total area 26,089 SF
Lot 2.09 ac (91,040 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician
  • Physician
  • Restaurant
  • Alternative Medicine Practice
  • (Bike/Boat/Book/etc) Store

Location

3850 Meridian Puyallup, WA 98373
Puyallup metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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