Your email has been sent.
34413-34421 Pacific Hwy S 2.44 Acres of Commercial Land Offered at $4,900,000 in Federal Way, WA 98003
INVESTMENT HIGHLIGHTS
- Prime Commercial Location
- 2.4 acres
- Zoned CE Commercial Enterprise
- Permit Ready
- Surrounded by major commercial retail; Walmart, Costco, Home Depot, Federal Way Crossings
- Corner lot, level and flat
EXECUTIVE SUMMARY
CE zoning to enable development under the following categories: office, retail, breweries, entertainment, vehicle/equipment sales, service, repair, schools, hospital facilities, hotels/motels, auto/truck rental or sales, medical/dental offices, social services, government facility, daycare, schools, churches, fast food, restaurant, health club, breweries and more. H&B is hotel development. (Buyer to verify) Contact LA with questions.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER AC |
|---|---|---|
| Taxes |
$36,151
|
$14,815.98
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$36,151
|
$14,815.98
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Taxes | |
|---|---|
| Annual | $36,151 |
| Annual Per AC | $14,815.98 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Total Expenses | |
|---|---|
| Annual | $36,151 |
| Annual Per AC | $14,815.98 |
PROPERTY FACTS
| Price | $4,900,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 2.44 AC |
| Property Type | Land | ||
| Zoning | BC, Federal Way - CE Commercial Enterprise | ||
| Price | $4,900,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 2.44 AC |
| Zoning | BC, Federal Way - CE Commercial Enterprise |
1 LOT AVAILABLE
Lot
| Price | $4,900,000 | Lot Size | 2.44 AC |
| Price Per AC | $2,008,196.72 |
| Price | $4,900,000 |
| Price Per AC | $2,008,196.72 |
| Lot Size | 2.44 AC |
Corner level flat lot on busy Pacific Hwy S. High traffic and commercial retail surrounding.
DESCRIPTION
Prime Commercial Property in Federal Way Introducing an exceptional business opportunity in a high-traffic area along Pacific Hwy S in Federal Way. This expansive corner lot, nearly 2.5 acres, is already equipped with approved permits for both a hotel and commercial retail space. Zoned for commercial enterprise (CE), it offers a multitude of business possibilities. The flat parcel is perfectly suited for constructing a 58,000 square foot hotel featuring 90 units across four floors, along with over 4,000 square feet allocated for retail businesses and 109 parking spaces. Comprehensive architectural plans are available for prospective investors, and all utilities are pre-installed on-site. This property is a rare gem in such a dynamic location, conveniently positioned near major retailers like Costco, Walmart, Home Depot, The Commons, and Trader Joe's, ensuring high visibility and easy access for potential customers. Contact LA with questions.
PROPERTY TAXES
| Parcel Number | 202104-9109 | Total Assessment | $3,712,500 |
| Land Assessment | $3,712,500 | Annual Taxes | $36,151 |
| Improvements Assessment | $0 | Tax Year | 2024 |
PROPERTY TAXES
Presented by
34413-34421 Pacific Hwy S
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.