2316 Meridian Ave E

    Edgewood, WA 98371
    • $699,950
    • STATUS: Pending
    • ON SITE: 1531 days
    • ID#: 828149
    Under Contract
    UPDATED: 31 min ago
    $699,950
    • 0
      BEDS
    • 0.42
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1946
    County:
    Area:

    School Ratings & Info

    Listing Courtesy of Better Properties Downtown.

    Description

    Attention developers, franchisors and investors! Prime corner lot with 108 linear feet of frontage on SR 161/Meridian Ave E. Includes 2 parcels totaling .420 ac/18,276 sf with large cash flow/commercial building on north lot. The Town Center (TC) zoning district is envisioned as the heart of Edgewood. Business, commercial, multi-family and more permitted. Electricity, gas, sewer and water on property or in street. Use this rare and unique opportunity to succeed with the growing City of Edgewood!

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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 Icon Real Estate Group are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2019-10-22T19:16:36.637.

    www.iconrealestategroup.com/homes/54809382

    2316 Meridian Ave E Edgewood, WA 98371

    • Price: $699,950
    • Status: Pending
    • Updated: 31 min ago
    • ID#: 828149
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.42
    Acres
    1946
    Built
    Neighborhood:
    Edgewood
    County:
    Pierce
    Area:
    Edgewood
    Property Description
    Attention developers, franchisors and investors! Prime corner lot with 108 linear feet of frontage on SR 161/Meridian Ave E. Includes 2 parcels totaling .420 ac/18,276 sf with large cash flow/commercial building on north lot. The Town Center (TC) zoning district is envisioned as the heart of Edgewood. Business, commercial, multi-family and more permitted. Electricity, gas, sewer and water on property or in street. Use this rare and unique opportunity to succeed with the growing City of Edgewood!
    Exterior Features

    Building Condition Good Exterior Brick Foundation Poured Concrete Lot Depth 135 Lot Topography And Vegetation Level Roof FlatTorch Down Site Frontage 108 Style 60 - Comm Bldg Und 10K Total Covered Parking Spaces 0 Total Uncovered Parking Spaces 12 Waterfront Footage 0

    Interior Features

    Building Sq Ft 3192 Floor Covering ConcreteVinylWall to Wall Carpet Heating And Cooling Wall Office Sq Ft 0 Total Sq Ft Rented 3192

    Property Features

    Assessed Value Improvements 0 Assessed Value Land 0 Assessed Value Total 0 Assessed Value Year 0 Available Pads 0 Bank Owned No Boundary Survey 4.00 Electrical Expenses 0 Energy Source Electric EPSEnergy 0 Form17 Provided General Zoning Classification BusinessCommercialMulti-FamilyOfficeResidentialRetail Gross Adjusted Income 41040 Gross Rent Multiplier 16 Gross Scheduled Income 43200 Heating Expenses 0 Hers Index 0 Home Owner Dues 0 Insurance Expenses 5749 Net Operating Income 25603 Other Expenses 0 Possession ClosingSub. Tenant's Rights Power Company Pse Power Service Amps 0 Right Of First Refusal No Sewer AvailableSeptic Tax Amount 6313 Tax Year 2018 Terms Cash OutConventional Third Party Approval Required None Total Expenses EXP 15437 Total Expenses TEX 15437 Total Monthly Rent 3600 Vacancy Rate 5 Water Company Mountain View Water Sewer Garbage 3375 Water Source Public 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 Icon Real Estate Group 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 Icon Real Estate Group are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2019-10-22T19:16:36.637.

     
    Icon Real Estate Group
    10216 SE 256th St, Suite #255
    Kent WA, 98030
    Listing Courtesy of Better Properties Downtown.