1009-1013 Meridian Ave E

    Edgewood, WA 98372
    • $3,200,000
    • STATUS: Active
    • ON SITE: 33 days
    • ID#: 1425043
    UPDATED: 73 min ago
    $3,200,000
    • 0
      BEDS
    • 2.6
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1935
    County:
    Area:

    School Ratings & Info

    Listing Courtesy of Realogics Sotheby's Int'l Rlty.

    Description

    Excellent location of commrcl property in City of Edgewood 2.69ac w/apprx 300ft of frontage on Meridian Ave E. Across from Surprise Lake Shopping Center. Elec/water/sewer/gas on prop, ready for development. Currently income producing w/5 tenants, apprx $12k/mo, buyout agreements in place. Zoned High Density Comm, 48 units/ac for single family, retail, hotel, light industrial. Great opportunity for income producing residential/retail development w/limited locations available in area.

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    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Crutcher Dennis - My Puget Sound Homes are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2019-04-20T23:14:47.773.

    www.mypugetsoundhomes.com/homes/92815856

    1009-1013 Meridian Ave E Edgewood, WA 98372

    • Price: $3,200,000
    • Status: Active
    • Updated: 73 min ago
    • ID#: 1425043
    0
    Beds
    0
    Baths
    0
    ½ Baths
    2.6
    Acres
    1935
    Built
    Neighborhood:
    Edgewood
    County:
    Pierce
    Area:
    Edgewood
    Property Description
    Excellent location of commrcl property in City of Edgewood 2.69ac w/apprx 300ft of frontage on Meridian Ave E. Across from Surprise Lake Shopping Center. Elec/water/sewer/gas on prop, ready for development. Currently income producing w/5 tenants, apprx $12k/mo, buyout agreements in place. Zoned High Density Comm, 48 units/ac for single family, retail, hotel, light industrial. Great opportunity for income producing residential/retail development w/limited locations available in area.
    Exterior Features

    Building Condition Good Foundation Concrete BlockSlab Lot Depth 372 Lot Dimensions 300 X 372 Lot Topography And Vegetation Level Roof CompositionTorch Down Site Frontage 300 Style 75 - Retail Total Covered Parking Spaces 0 Total Uncovered Parking Spaces 0 Waterfront Footage 0

    Interior Features

    Building Sq Ft 3300 Ceiling Height 14' Floor Covering ConcreteHardwoodVinyl Heating And Cooling Baseboard Office Sq Ft 0 Total Sq Ft Rented 59500

    Property Features

    Assessed Value Improvements 72700 Assessed Value Land 691400 Assessed Value Total 764100 Assessed Value Year 2018 Available Pads 0 Bank Owned No Boundary Survey 6.00 Cap Rate Y Commercial Features Signage IncludedStorage Electrical Expenses 0 Energy Source ElectricNatural Gas Environment Survey N EPSEnergy 0 Expansion Area Y Form17 Provided Free And Clear Y General Zoning Classification BusinessCommercialIndustrial-LightOfficeResidentialRetail Gross Adjusted Income 144000 Gross Rent Multiplier 0 Gross Scheduled Income 144000 Heating Expenses 0 Hers Index 0 Home Owner Dues 0 Insurance Expenses 3000 Net Operating Income 0 Other Expenses 1000 Possession Closing Power Company Puget Sound Energy Power Service Amps 0 Sewer Sewer Connected Sewer Company Lake Haven Tax Amount 14318 Tax Year 2018 Terms Cash OutConventional Third Party Approval Required None Total Expenses EXP 18318 Total Expenses TEX 18318 Total Monthly Rent 11125 Vacancy Rate 0 Water Company Mountain View-Edgewood Water Water Sewer Garbage 0 Water Source CommunityPublic Zoning Jurisdiction City

    Listing information © 2019 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by Crutcher Dennis - My Puget Sound Homes and should be verified by the buyer.


    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Crutcher Dennis - My Puget Sound Homes are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2019-04-20T23:14:47.773.

     
    Crutcher Dennis - My Puget Sound Homes
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    Listing Courtesy of Realogics Sotheby's Int'l Rlty.