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29020-29026 Military Rd S
Federal Way, WA 98003
Steel Lake Plaza Development · Land For Sale · 1.68 AC

Investment Highlights

  • High Exposure
  • Mixed-Use Development Site
  • Centrally Located
  • Car Washes

Property Facts

Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
  • Office
  • Mixed Use
  • Multifamily
  • Bank
  • Carwash
  • Convenience Store
  • Daycare Center
  • Department Store
  • Drugstore
  • General Freestanding
  • Hold For Development
  • Neighborhood Center
  • Service Station
  • Storefront, Retail or Residential
  • Strip Center
  • Supermarket
Total Lot Size 1.68 AC
Zoning BN

Description

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.

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 042104-9086
  • 042104-9039
Land Assessment
$730,200
Improvements Assessment
$0
Total Assessment
$730,200
  • Listing ID: 27061398

  • Date on Market: 11/7/2022

  • Last Updated:

  • Address: 29020-29026 Military Rd S, Federal Way, WA 98003

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