1926 Meridian Ave E - Edgewood Town Center Development Site 12.2 Acres of Commercial Land Offered at $21,000,000 in Edgewood, WA 98371

INVESTMENT HIGHLIGHTS

  • Rare Apartment and/or Townhome Site of Scale
  • Highly desirable suburb on the King/Pierce County line
  • Affluent Demographic Base with $115,325 median household income in Edgewood
  • Puyallup School District ranked among top in the state

PROPERTY FACTS

Price $21,000,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use Apartment Units
Total Lot Size 12.20 AC

1 LOT AVAILABLE

Lot

Price $21,000,000
Price Per AC $1,721,311.48
Lot Size 12.20 AC

12.2 Acre Multifamily or Townhome Development Site

DESCRIPTION

CBRE proudly presents the Edgewood Town Center Development Site (the “Property” or the “Site”), a rare opportunity to purchase 12.2 acres of premier multi-family and commercial development potential in the rapidly growing Edgewood submarket of Pierce County, WA. The Site offers developers the ability to add a multifamily or townhome site of scale to their development pipeline. The Property provides convenient access to major employment centers and lifestyle destinations, including The Outlet Collection shopping center, South Hill Mall, Federal Way Town Center, top-rated Puyallup School District, Kent Valley and downtown Tacoma. With a limited supply of new construction in the submarket, the Edgewood Town Center Development Site is perfectly positioned to benefit from accelerating rent growth and considerable rental upside amid improving rental fundamentals.

PROPERTY TAXES

  • Listing ID: 33273868

  • Date on Market: 9/23/2024

  • Last Updated:

  • Address: 1926 Meridian Ave E, Edgewood, WA 98371