1400 S 348th St | Federal Way, WA 98003
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- LoopNet Team
1400 S 348th St
Federal Way, WA 98003
Quality Inn & Suites Federal Way Seattle · Hospitality Property For Sale
·
39,673 SF
INVESTMENT HIGHLIGHTS
- ±$1,500,000 in trailing 12-month room revenue with Costar forecasting 2.80% RevPAR growth through December 2025 within the Seattle Hospitality Market.
- The airport is projected to handle 52 million annual flyers, surpassing pre-pandemic levels from 2019.
- As part of the Quality Inn & Suites franchise, the property benefits from strong brand recognition and a loyal customer base.
- 15 minutes from Seattle-Tacoma International Airport, the property offers exceptional accessibility for both regional and national travelers.
- Surrounding household income north of $100,000 with a 5-mile population of 215,862.
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 3 |
| Property Subtype | Hotel | Year Built | 2002 |
| Building Class | C | Tenancy | Single |
| Lot Size | 2.06 AC | Parking Ratio | 2.02/1,000 SF |
| Building Size | 39,673 SF | Corridor | Interior |
| Zoning | CE, Federal Way - Commercial | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 2.06 AC |
| Building Size | 39,673 SF |
| No. Stories | 3 |
| Year Built | 2002 |
| Tenancy | Single |
| Parking Ratio | 2.02/1,000 SF |
| Corridor | Interior |
| Zoning | CE, Federal Way - Commercial |
AMENITIES
- Business Center
- Fitness Center
- Pool
- Spa
- Meeting Event Space
PROPERTY TAXES
| Parcel Number | 202104-9055 | Improvements Assessment | $4,446,000 |
| Land Assessment | $2,878,400 | Total Assessment | $7,324,400 |
PROPERTY TAXES
Parcel Number
202104-9055
Land Assessment
$2,878,400
Improvements Assessment
$4,446,000
Total Assessment
$7,324,400
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