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Property profile & analytics
FOR LEASE
Turn key restaurants

1403 S Meridian Puyallup, WA 98371

2,760 SF 0.72 ac lot Built 1976
Entity Owned 4-yr Hold Absentee Owner Free & Clear
Property ID
US90-1613784
1403 S Meridian, Puyallup, WA 98371 For Lease
Contact for pricing 49,693 SF available
1403 S Meridian, Puyallup, WA 98371
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Property summary
AI-generated overview

This exceptional commercial property at 1403 S Meridian in Puyallup, WA, 98371 offers a unique opportunity for businesses seeking versatile space. The property encompasses a total of 3,200 square feet of building space, situated on a substantial 49,000 square foot lot with prominent Meridian frontage. The building is currently configured to accommodate multiple tenants, making it ideal for a variety of uses. The property type is classified as Retail, Office, and Land, with subtypes including Commercial, Medical Office, and Traditional Office. This flexibility allows for diverse business models to thrive within this location. The property is available for lease as a whole or potentially as individual spaces, providing options for businesses of varying sizes. The expansive land area presents additional development potential, depending on zoning regulations and future plans. This prime Puyallup location offers excellent visibility and accessibility, making it an attractive option for businesses seeking a strong presence in a thriving community. Interested parties should inquire about lease terms and conditions. The property's versatility and location make it a compelling investment opportunity. A ground lease option may also be available.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1976
Construction WOOD FRAME
Total area 2,760 SF
Lot 0.72 ac (31,526 SF)
Zoning code CG
APN 7730000281
UPID US90-1613784
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
$1.98M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.44M
Blend (final) Blend
$1.74M
Owner & transaction history
Bp Products North America INC · 4 yrs held
Bp Products North America INC
since 2021
Last sale
$1.6M
5 recorded transactions
2021
Price N/A
2021
Price N/A
2021
$1.6M
2010
$902,160
1992
$210,000
Zoning & alternative use
CG · Puyallup, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

CG General Commercial Zone. The CG zone is intended to provide for retailing and other commercial services that serve the large market area surrounding the Puyallup community. Such commercial developments usually rely upon the automobile as their principal source of access. Maximum building heights range between four and six stories. In contrast to the CB zo…

Zone name General Commercial Zone
General category COMMERCIAL
Zone area 288.87 ac
Top alternative use upside
Commercial (general) $1.3M +5.3%
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