1044 S 348Th St Federal Way, WA 98003
2.48-acre site with permits for an 18,000 sq ft building.
Property size:
2 SFLot size:
2.48 AcresProperty Features for 1044 S 348Th St
General Information
- Size
- 2 SF
- Lot size
- 2.48 Acres
Source:
Naiglobal
Listing Agent: Blake Stedman
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Prime Land for Medical Office
This 2.48-acre property is zoned OP (Office Professional) and offers ease of access from I-5. It is located between the Port of Tacoma and Seattle, and is minutes from SeaTac International Airport. Utilities are available at the street, and survey reports and studies are available. Permits have been secured for the construction of an 18,000 square foot Medical Office Building. Federal Way is the tenth-largest city in Washington and fifth in King County, having evolved from a logging town into an affluent community of over 99,000 residents. Its location provides quick access to Seattle, Bellevue, Tacoma, and SeaTac International Airport. Key employers include St. Francis Hospital, Federal Way Public Schools, World Vision, and Wild Waves Theme Park. Federal Way is also known for its natural attractions, including the Pacific Bonsai Museum and Rhododendron Species Botanical Garden. The city will benefit from Sound Transit’s Link light rail expansion, with a station under construction at the Federal Way Downtown Transit Center near The Commons. Scheduled to open in 2026, this extension will enhance regional connectivity and is expected to boost commercial activity and demand throughout the area.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Commercial land
Location Insight
- Map
- Local Demand
- City
- Federal Way
- County
- King
- State
- Washington
- Longitude
- -122.323531
- Latitude
- 47.289804
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FAQs
What type of property is this?
Land - 2.48-acre site with permits for an 18,000 sq ft building.
Where is this land located?
The property is located at 1044 S 348Th St Federal Way, WA.
What is the asking price?
The asking price for this property is $1,080,300.
What are key features of this property?
This property features: - Permits approved for an 18,000 sq ft Medical Office Building, significantly accelerating development.; - Prime 2.48-acre site zoned OP (Office Professional), offering versatile development potential.; - Strategic location between the Port of Tacoma and Seattle, with easy access to I-5 and SeaTac International Airport.