1009-1013 Meridian Ave E $2,900,000

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    1009-1013 Meridian Ave E Edgewood, WA 98372

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    $2,900,000

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    • 2.60 Acres
    • Commercial/Industrial
    • Listing# 1490266
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    Views: 18 Days On Market: 190

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    Property Details

    Excellent location of Commercial property in City of Edgewood w/approx 300 ft of frontage on Meridian Ave E. Across from Surprise Lake shopping center. Electric, water, sewer, gas on property & ready for development. Currently income producing w/5 tenants, approx $13,000/mo, buyout agreements in place. Zoned High Density Commercial. 48 units/acre for single family, retail, hotel. Great opportunity for income producing residential, retail development w/limited locations available in the area.

    • General Features
      • County Pierce
      • Approx Building SqFt 3,300
      • Approx Office SqFt 0
      • Approx Whse/Mfg SqFt 0
      • Zoning Class Business, Commercial, Industrial-Light, Office, Residential, Retail
      • Lot Dimensions 300 x 372
      • Selling Office Commission 2.5
      • Style 75-Retail
      • Total Covered Parking 0
      • Total Uncovered Parking 0
      • Zoning Jurisdiction City
    • Building Features
      • Exterior Wood
      • Foundation Concrete Block, Slab
      • Roof Composition, Torch Down
      • Floor Covering Concrete, Hardwood, Vinyl
      • Features Signage Included, Storage
      • Heating and Cooling Baseboard
      • Ceiling Height 14
    • Property Features
      • Depth of Lot 372
      • Site Frontage 300
      • Expansion Area Y
      • Environment Survey N
      • Water-Sewer-Garbage 0
      • Sewer Sewer Connected
      • Sewer Company Lakehaven Water District
      • Energy Source Electric, Natural Gas
      • Power Company Puget Sound Energy
      • Number of Available Pads 0
      • Lot Square Footage 113,256
    • Financials
      • Vacancy Rate 0
      • Total SqFt Rented 0
      • Total Monthly Rent $13,625
      • Gross Rent Multiplier 0
      • Cap Rate -NOI div LP 6
      • Gross Scheduled Income $144,000
      • Gross Adjusted Income $144,000
      • Total Expenses $18,318
      • NOI $0
      • Electrical Expenses $0
      • Tax Expense $14,318
      • Heating Expense $0
      • Insurance Expense $3,000
      • Other Expenses $1,000
      • Tax Year 2018
      • Annual Assoc. Dues $0

    Contact

    Jenn Forest

    Broker

    Port Townsend

    Cell: 360-316-1147

    Neighborhood

    98372 (Edgewood) Demographics

    40 Median Age
    1,822 Population Density (per sq. mile)
    37% College Educated
    $67,258 Estimated Median Income
    5,340 Estimated Total Home Owners
    3,962 Estimated Total Renters
    57% / 43% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    24,849 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $400,000 Median Sales Price
    12 Homes Sold
    11 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $2,900,000
        7/14/2019 10:32:00 AM New in Database Source

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        This property search is part of the Coldwell Banker Best Homes website. Listing information is courtesy of the WA-NWMLS and Coldwell Banker Best Homes. Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2020. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental Information has not been verified by agent and should be verified by buyer.