116 S Meridian, Puyallup, WA 98371
- $840,000
Listing courtesy of Theory Real Estate. Selling Office: ZNonMember-Office-MLS.
- Sold Price
- $840,000
- List Price
- $895,000
- Status
- SOLD
- MLS#
- 2142551
- Closing Date
- Jan 03, 2024
- Days on Market
- 135
- Annual Tax Ammount
- 8329
Property Description
Downtown Puyallup Retail/Office Commercial Building ON Meridian! Bottom story has 2 retail front locations. Upstairs is a common space + 2 offices & a bathroom. Upstairs has potential to be accessed from either downstairs unit or from alley so it can be rented to either downstairs occupant or on its own. Central Business District Zoning. Incredible tenants who have both built out their spaces nicely. Beautiful building that's been well maintained with great visibility. Newer roof and some HVAC. Interior Photos are of upstairs prior to occupancy.
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Additional Information
- Community
- Downtown
- Building Condition
- Remodeled
- Style
- 60 - Comm Bldg Und 10K
- Year Built
- 1924
- Roof
- Flat
- Tax Year
- 2023
- Potential Terms
- Cash Out, Conventional
- Interior Features
- Ceramic Tile, Concrete
- Flooring
- Ceramic Tile, Concrete, Vinyl Plank
- Driving Directions
- Downtown Puyallup on South Meridian between E. Main Ave and E. Meeker Ave. 2 blocks from Pioneer Park; 3 blocks from Sounder Station.
- Energy Source
- Natural Gas
- Net Operating Income
- $67,393
- Gross Adjusted Income
- $75,643
- Gross Scheduled Income
- $79,624
- Cap Rate
- 7.5
- Vacancy Rate
- 5
- Total Expenses
- $12,231
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.