1403 MeridianPuyallup, WA 98371

Property Details for 1403 Meridian

Year built

1976

Construction

WOOD FRAME

Lot size

0.72 AC

Property size (Sq ft)

2,760 SF

Zone code

CG

Property type

Retail properties

Property subtype

Turn key restaurants

APN

7730000281

APU

7730000281

Description

This exceptional commercial property at 1403 S Meridian in Puyallup, WA, 98371 offers a unique opportunity for businesses seeking versatile space. The property encompasses a total of 3,200 square feet of building space, situated on a substantial 49,000 square foot lot with prominent Meridian frontage. The building is currently configured to accommodate multiple tenants, making it ideal for a variety of uses. The property type is classified as Retail, Office, and Land, with subtypes including Commercial, Medical Office, and Traditional Office. This flexibility allows for diverse business models to thrive within this location. The property is available for lease as a whole or potentially as individual spaces, providing options for businesses of varying sizes. The expansive land area presents additional development potential, depending on zoning regulations and future plans. This prime Puyallup location offers excellent visibility and accessibility, making it an attractive option for businesses seeking a strong presence in a thriving community. Interested parties should inquire about lease terms and conditions. The property's versatility and location make it a compelling investment opportunity. A ground lease option may also be available.

• CAP approach

  CAP return

  Valuation

  6%

  $1,097,888

  6.5%

  $1,013,435

  7%

  $941,047

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,865,134

  Geo Method

  $1,339,432

• Alternative Use

  Use

  Valuation

  Residential

  $854,871

  Hospitality

  $783,057

  Educational

  $651,494

  Medical

  $673,900

  Retail

  $1,013,435

Location Insight

City

Puyallup

County

Pierce

State

Washington

Latitude

47.1785

Longitude

-122.294

CBSA code

42660

CBSA name

SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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