Federal Way, WA Property For Sale and Lease

Industrial Development Opportunity. Call For Offers: October 5th, 2023. Rezone is currently in progress to change the zoning from residential to Commercial Enterprise, which allows a variety of industrial uses including warehouse and distribution. The rezone is expected to be completed by November 2023.

The building is in a prime location. Easy to find, very ample parking. Drive by it and look.

Desireable Neon Plaza in Prime location with a Fully built-out office space with bathroom. Turn Key, pricing and terms are negotiable. If requested more space, the storage room can be available to an expansion.

The Southwynd Apartments is a 20-unit multifamily property in Federal Way consisting of three buildings. The Property features a mix of (4) one-bed / one-bath, (12) two-bed / one-bath, and (4) three-bed / one-bath units. Southwynd Apartments offers investors attractive multiple avenues for upside – by raising rents to market or by renovating the 16 remaining classic units with new appliances and modern finishes. Assuming a $350,000 renovation budget, the Property stabilizes to a 6.8% yield-on-cost. Additionally, Southwynd features an 11,183 SF vacant corner lot zoned RM1800 with development potential (buyer to verify).

Southwynd is well located within Federal Way. The Link Light Rail Extension is less than a mile from the Property and is set to open in 2025/2026. The Light Rail provides easy access to the Sea-Tac Airport, Downtown Seattle, Bellevue & Eastside, and other key neighborhoods in the Puget Sound Region. Southwynd is also within a mile of Walmart, Target, Trader Joe’s, and Federal Way High School. The Property is only a 15-minute drive from downtown Tacoma and four minutes from the I-5 on-ramp.

Tax iD #: 2221049040

FEDERAL WAY'S BEST KEPT SECRET... PROPERTY FEATURES: Surround by multiple Medical/Dental Sub-Markets and Located in the well-established Office Sub-Market of West Campus. Adjacent to St. Francis Hospital with easy access to I-5, SR-99, SR-518, SR-167 and I-405. Close proximity to Tacoma, SeaTac International Airport, and Seattle. There are two, 1,551 SF spaces available. Space B200 is available now. Space B400 will be available 12/01/2023. Ample Free Parking, Prime, High Visibility Corner Location with Monument Signage Available. Do not disturb tenants, please call Listing Broker for all showings.

Located in the Northshore area of Federal Way, the property is ideally situated at a busy intersection of 356 & 21st Ave with high traffic count.

◾ Can accommodate variety of uses including: retail, restaurants, medical office, etc.

◾ Corner space with abundant natural light.

◾ Dense population with 10,000+ people within 1-mile radius.

Prime location retail/medical office (healing arts) Space for lease in Federal Way near the freeways. The suite has 749 SF and has an open area with 2 offices. Ideal for most healing arts/ medical or professional offices Existing Tenants include Yoga Studio, Massage, and Therapists.

Fully Equipped Dental Office

2nd floor Suite Same as other Suites...

Pad Opportunity - 3,000 or 2,049 SF options for QSR with drive thru

Incredible opportunity to buy 5-large parcels zoned RS9.5 in the Goldmaur community. New development on the same street selling in the 800's.Water, power, and sewer in the street for easy hookup. Just minutes away from the future Federal Way light rail and town center, it's a prime location to build. Reach out for additional information!

The Quad Professional Building is located just off 1st Avenue South and features a variety of medical and professional office tenants. Suite 102 and Suite 300 are available and asking lease rate is $19-$22/SF Gross. Suite 102 is 983 SF and located on the first level just inside the South entrance. Suite 102 has a reception area, open work space and an office. Suite 300 is 1,300 SF and is located on the third floor. Suite 300 has a reception station, waiting area, lab room, kitchenette, bathroom, and 5 exam rooms with sinks. Abundant parking onsite and easy access to the freeways.

The Maplewood Building is located one block from Virginia Mason and less than a mile from the St. Francis Hospital Campus with each access via I-5. Join quality tenants, Patricia Kho DDS, Retina Specialists, GI Alliance, Kids on 1st Dentistry, and Edward Jones.

Mixed-use development opportunity centrally located within the City of Federal Way. Two contiguous parcels combine for 1.68 acres. The property is zoned Neighborhood Business, which allows several development options including; Office, Retail, Car Washes, Gas Stations, Multifamily and Senior Housing. Commercial & Residential mixed-use developments are encouraged. Furthermore, the site receives good exposure with approximately 300' of frontage along Military Road S and 15K-25K daily traffic counts. Sewer, water and electricity are all available in street. Convenient access to I-5, Pacific Hwy S, and the Star Lake future light rail station. The site was previously approved for retail development, ownership has several plans and reports available to assist with future projects including; Civil Plan Set, Geotechnical, Surveys, etc.

About The Property

• Fred Meyer Anchored Retail

• Located off of 21 st Ave SW and SW Campus Dr with a Combined Traffic Count of 36,000 CPD

• Easy Parking and Excellent Access

Property Description

• Available Square Footage: Suite 4 7,380 SF

• Lease Rate: Call Broker for Details

Tax iD #: 9264800240

Distinguished class A medical office building. Main lobby offers a modern tech look, metro bus route comes within 1 block of the building, plentiful free 6.90/1,000 SF parking ratio, state-of-the-art telecommunication service through CenturyLink & Comcast, five blocks from St. Francis Hospital, 5 minutes to Rhododendron Species Garden, park and ride within 1 block of the building.

Great redevelopment site on busy Pacific Hwy S (Old Hwy 99) with a Puget Sound View. Includes a easement for ingress and egress across the property to the north where the existing driveway is now. Bring your plans and lets do a deal. Residents are paying up to $11k+ per month now for other AFH's

If you have 16 Residents x 11k per month = $176K Monthly Gross = $2,112,000 Yearly Gross

Owner is a General Contract/Builder and Architect and Can Build this building for Buyer for $1.2M Plus the price of the land.

This property is surrounded by rooftops and is in close proximity to retail/shopping, services, HWY 99, 509, I5 and HWY 18. The offering consists of four parcels totaling 3.23 Acres. Neighborhood Business (BN) allows for a variety of uses including office, retail, multifamily, restaurants, churches and many more. For more information on uses and regulations, please

visit https://www.codepublishing.com/WA/FederalWay/ to access Federal Way Revised Code Chapter 19.215.

​Approx 2.66 Acres

​Fully Signalized Intersection

​Excellent Visibility

​Great Frontage On Both Hwy 99 & S 356th St

​Across From Arco And Future 7/11

​Price $3,200,000

​Zoning Commercial Enterprise

​Jurisdiction City Of Federal Way

​On 356th, West Of Hwy 99 10,673 Adv (2020)

​On Hwy 99, North Of 356, 26,179 Adv (2020)

New mixed use retail availability located near St. Francis Hospital and Hwy 18 plus I-5 interchange. Drive-thru end cap available. Building scheduled for completion summer 2023.

Land is currently zoned for BC (community business) which allows for a variety of commercial uses. Eight parcels total (+-4.34 Acres).

Site location is one block West of Highway 99, next to Celebration Park and near The Commons Shopping Center and near the proposed Federal Way Sound Transit 3 link extension.

Buyer to verify all information to their satisfaction. Tax ID #: 1721049019; 1721049028; 1721049030; 1721049046; 1721049051; 1721049057; 1721049074; 1721049090

Ideal for light manufacturing and distribution with small office. All bay units have restrooms, small office,

and reception area. High-quality space with new carpet and paint. 3-phase power. GL loading doors (10’ x 10’). 14’ - 15’ clearance height. Excellent access and proximity to I-5, SR-18, and SR-99. Within minutes to nearby businesses, banking, restaurants, and retail services.