823 Meridian E Ave Edgewood, WA 98371-1069
This exceptional commercial land parcel, located at 823 Meridian Ave E in Edgewood, WA 98371, presents a unique development opportunity. The property, zoned Commercial (C) and identified by APN 6575000021, offers approximately 3,000 square feet of buildable land. Situated on a highly visible section of Meridian Ave E, a major north-south thoroughfare connecting Interstate 5 to Puyallup, this location benefits from significant traffic volume and convenient access. The site shares proximity with Jiffy Lube, enhancing visibility and potential synergy. This single-tenant pad site is ideal for a variety of commercial uses, catering to the growing population of Edgewood and the surrounding area. The landowner is offering flexible options, including ground lease or build-to-suit arrangements, providing developers with considerable adaptability. This presents a compelling investment opportunity in a thriving commercial corridor. The property's strategic location and flexible development options make it an attractive prospect for businesses seeking to establish a presence in this dynamic market. Detailed information regarding zoning regulations and development possibilities is readily available.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
COMMERCIAL · Edgewood, WACosts & 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.