1009-1013 Meridian Ave E

    Edgewood, WA 98372
    • $2,900,000
    • STATUS: Active
    • ON SITE: 198 days
    • ID#: 1490266
    UPDATED: 37 min ago
    $2,900,000
    • 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 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.

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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 Ben Kinney Real Estate Team - Keller Williams Western Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2020-01-29T16:15:17.86.

    www.home4investment.com/homes/96874942

    1009-1013 Meridian Ave E Edgewood, WA 98372

    • Price: $2,900,000
    • Status: Active
    • Updated: 37 min ago
    • ID#: 1490266
    0
    Beds
    0
    Baths
    0
    ½ Baths
    2.6
    Acres
    1935
    Built
    Neighborhood:
    Edgewood
    County:
    Pierce
    Area:
    Edgewood
    Property Description
    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.
    Exterior Features

    Building Condition Fair Construction Methods Standard Frame Exterior Wood 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 0

    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 IncludedStorageJ Electrical Expenses 0 Energy Source ElectricNatural Gas Environment Survey N EPSEnergy 0 Expansion Area Y Form17 Provided 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 Right Of First Refusal No Sewer Sewer Connected Sewer Company Lakehaven Water District 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 13625 Vacancy Rate 0 Water Company Mountain View Edgewood Water Water Sewer Garbage 0 Water Source CommunityPublic Zoning Jurisdiction City

    Listing information © 2020 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 Ben Kinney Real Estate Team - Keller Williams Western Realty 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 Ben Kinney Real Estate Team - Keller Williams Western Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2020-01-29T16:15:17.86.

     
    Ben Kinney Real Estate Team - Keller Williams Western Realty
    2211 Rimland Drive Suite 124
    Bellingham WA, 98226
    Listing Courtesy of Realogics Sotheby's Int'l Rlty.