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29223 Pacific Hwy S
Federal Way, WA 98003
Land For Sale · 0.60 AC

Investment Highlights

  • Utilities on site

Executive Summary

Great Retail/Multifamily .6 Acre Lot.? Bring your ideas! Possible to develop 3 staggered levels of below street parking with 65' apartment building that has a great view of the Sound and Mountain from some units! Sewer is at the lower edge of property line on 16th Ave S, water, gas, and electric on property.? Also accessible from a 30' gravel road on 16th Ave S.? Zoned BC Community Business. Buyer to verify all information to their satisfaction.? Lot lines approximated.?

Property Facts

Sale Type Investment or Owner User
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
  • Office
  • Mixed Use
  • Multifamily
  • Hospitality
  • Apartment Units
  • Apartment Units - Condo
  • Apartment Units - Dorms
  • Apartment Units - Senior
  • Apartment Units - Subsidized
  • Auto Dealership
  • Auto Repair
  • Bar
  • Community Center
  • Contractor Storage Yard
  • Convenience Store
  • Daycare Center
  • Distribution
  • Drugstore
  • Fast Food
  • Garden Center
  • General Freestanding
  • Hold For Development
  • Hold For Investment
  • Hospital
  • Hotel
  • Medical
  • Motel
  • Neighborhood Center
  • Parking Garage
  • Parking Lot
  • Religious Facility
  • Restaurant
  • Schools
  • Self Storage
  • Service Station
  • Shelter
  • Storefront
  • Storefront, Retail or Office
  • Storefront, Retail or Residential
  • Strip Center
  • Supermarket
  • Veterinarian or Kennel
  • Winery or Vineyard
Total Lot Size 0.60 AC
Zoning BC - https://www.codepublishing.com/WA/FederalWay/html/FederalWay19/FederalWay19220.html#19.220

1 Lot Available

Lot

Price $1,100,000
Price Per AC $1,826,553.77
Lot Size 0.60 AC

Buyer to verify exactly what is needed for 3 staggered levels of parking below the street level, 65' of residential units some with a great Sound and Mountain view too! Sewer is at the lower edge of property line on 16th Ave S, also accessible.

Property Taxes

Property Taxes

Parcel Number
042104-9007
Land Assessment
$655,800
Improvements Assessment
$0
Total Assessment
$655,800
  • Listing ID: 40308222

  • Date on Market: 4/27/2026

  • Last Updated:

  • Address: 29223 Pacific Hwy S, Federal Way, WA 98003

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