Federal Way, WA Retail Property For Sale

- Tax parcel # 2021049047

- Land area: 62,408 sf (~1.43 ac.)

- Building size: 2,400 sf

- Year built/upgraded: 1980/2015

- Zoning: CE (Commercial Enterprise)

https://www.codepublishing.com/WA/FederalWay/#!/FederalWay19/FederalWay19240.html

- Jurisdiction: City of Federal Way

- Occupancy: 100% Owner-occupied Tenant providing short term cashflow during the entitlement period

- Sale type: Developer or Owner-User

Centralized location along Hwy-99 with excellent freeway access to I-5 offering convenient access to Seattle, Bellevue, Tacoma and SeaTac airport, and direct access to Auburn, Renton and Kent via Hwy-18.

Signalized T-intersection location with high exposure to approx. 45,000 VPD

Proximity to exiting amenities in the immediate area as well as new developments:

- mixed-use project featuring 395 apartments and 23,000 sf of retail (currently in permitting)

- Sound Transit new $1.4 Billion light-rail Operations and Maintenance Facility on a 59-acre site: planned opening date 2029

- Federal Way’s new light-rail station: scheduled date 2024. This extension is anticipated to increase the overall commercial traffic providing more demand to local businesses.

- Smith Brothers Farms’ new 40,000-sf warehouse (and office) for storage and distribution.

- The Commons Shopping Mall expansion: three new “pad” sites with free-standing buildings, totaling 16,000 sf to serve new businesses and restaurants tenants.

For information on the light-rail system expansion project: https://www.soundtransit.org/system-expansion

Soon to vacate Ace Hardware in Federal Way on busy Pacific Hwy S. Ample parking with great visibility and small yard.

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

• Can accommodate a variety of uses including: retail, restaurants, medical office, and more.

• Vacant space is approximately 51% of the total building and an owner-user may qualify for an SBA financing.

• Two existing tenants provide income to new owner.

​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)

Lot Size: 23,250 SF

Zoning: CC-C

The only available development site in the 320th Street retail core

Hard Corner Location

Adjacent to national retailers such as Trader Joe's, Home Goods, and the Commons Shopping Center

Fantastic Access and Visibility to Hwy 99

Close Proximity to the new 320th Street Sound Transit Station