2121 Meridian AveEdgewood, WA 98371

Property Details for 2121 Meridian Ave

Year built

1978

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.69 AC

Property size (Sq ft)

6,060 SF

Zone code

C

Property type

Strip malls

Property subtype

Neighborhood centers

APN

420106029

APU

420106029

Description

This exceptional mixed-use commercial property, located at 2121 Meridian Avenue E Unit 7 in Edgewood, WA, offers 1600 square feet of adaptable space perfect for a variety of businesses. The property boasts a spacious foyer, three private offices, and three restrooms, providing ample room for both employees and clients. Its central location on Meridian Avenue offers unparalleled convenience, with easy walking access to Edgewood City Hall, residential areas, and public transportation. This ensures high visibility and accessibility for your business. The layout is flexible and can be easily configured to suit diverse operational needs, whether you require dedicated office space, storage facilities, or a combination thereof. The property's versatility makes it an ideal choice for a range of commercial ventures. Its strategic location within Edgewood provides excellent connectivity to the surrounding community, fostering strong business relationships and maximizing your reach. This is a rare opportunity to secure a well-situated, adaptable commercial space in a thriving community. Contact us today to arrange a viewing and explore the possibilities this property offers for your business.

• CAP approach

  CAP return

  Valuation

  6%

  $2,410,581

  6.5%

  $2,225,152

  7%

  $2,066,212

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,095,186

  Geo Method

  $2,940,928

• Alternative Use

  Use

  Valuation

  Residential

  $1,876,999

  Hospitality

  $1,719,321

  Educational

  $1,430,454

  Medical

  $1,479,650

  Retail

  $2,225,152

Location Insight

City

Edgewood

County

Pierce

State

Washington

Latitude

47.2376

Longitude

-122.293

CBSA code

42660

CBSA name

SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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