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Surprise Lake Plaza
1420 Meridian Ave E Milton WA 98354
Listing #: 710870 | Status: Pending | Last Modified: 4/27/2026
| Showing Instructions | |
|---|---|
| Call Listing Agent | No |
| Use Discretion | No |
| Investment Information | |
|---|---|
| Investment Prop | Yes |
| Gross Income | 0 |
| Vacancy Factor % | 0.00% |
| Operating Expenses | 0 |
| Net Operating Income | 0 |
| CAP Rate | 5.20 % |
| Detail Listing Information | |
|---|---|
| Min Total SF | 0 SF |
| Max Total SF | 0 SF |
| Lease Rate Low | $ 0.00 |
| Lease Rate High | $ 0.00 |
| Retail Information | |
|---|---|
| Signage | Signage on Building and Freestanding |
| Retail Asset Class Info | |
|---|---|
| Crane Tonnage | 0 |
| Building Information | |
|---|---|
| Building Status | Existing |
| # of Buildings | 2 |
| # of Floors | 1 |
| # of Units | 8 |
| Clearance Height Min | 0 |
| Total Building SF | 16,480 SF |
| Net Rentable Area | 8,480 SF |
| Total Office SF | 8,480 SF |
| Largest Contiguous SF | 0 SF |
| Lot SF | 108,464 SF |
| Acres | 2.49 |
| Year Built | 1977 |
| Year Renovated | 1985 |
| Construction Type | Masonry |
| Property Type | |
|---|---|
| Property Type | Office |
| Office Type | Other |
| Building Class | C |
| Location | |
|---|---|
| County | Pierce |
| Market Area | Milton |
| Tax ID # | 0420044032 |
| Zoning | M-1 |
| Parking Information | |
|---|---|
| #Covered Spaces | 0 |
| # Uncovered Spaces | 60 |
| Total Parking Spots | 60 |
Surprise Lake Plaza
We are proud to present the exclusive opportunity to acquire Surprise Lake Plaza, a high-visibility multi-tenant asset located at 1420 Meridian Ave E in Milton, WA. The property features two commercial buildings totaling 16,480 square feet situated on a substantial 2.49-acre lot. This versatile asset accommodates a wide array of commercial uses—including retail, office, and industrial—providing an investor with exceptional flexibility in tenanting and long-term positioning. Anchored by Dill Animal Hospital, which recently signed a 10-year lease, the property offers reliable income security while a new owner executes on value-add strategies. With a tenant roster currently paying below-market rents and near-term lease expirations in other suites providing a clear path to capturing market rat
Easy access from Federal Way, Puyallup, Fife, Algona, Pacific.
Medical/Dental, Mixed-Use, Multi-Tenant
Surprise Lake Plaza
1420 Meridian Ave E Milton WA 98354
Listing #: 710870 | Status: Pending | Listing Date: 3/31/2026 | Last Modified: 4/27/2026 | Email Listing
For Sale
Surprise Lake Plaza
