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    34413 Pacific Hwy S Federal Way, WA 98003

    For Sale
    $4,900,000

    Large corner lot with permits for hotel and retail.

    Property size:
    106,072 SF
    Lot size:
    2.16 Acres

    Property Features for 34413 Pacific Hwy S

    General Information

    Size
    106,072 SF
    Lot size
    2.16 Acres

    Source: Venture Real Estate Group Agent Tammie Tom-Freeman

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Federal Way Commercial Land

    This exceptionally large corner vacant land is situated in a busy Federal Way location on Pacific Hwy S. The flat corner lot is close to 2.5 acres and is zoned CE, offering multiple commercial opportunities. Permits are in place for a 58,000 square foot, four-story, 90-unit hotel with over 4,000 square feet of retail space and 109 parking spaces. Plans are available for a potential buyer. Utilities are already on-site. The CE zoning enables 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. The property is conveniently located near major businesses, including Costco, Walmart, Home Depot, The Commons, and Trader Joes.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Law Firm Building Supply Realty agency Wholesale Shop Dental Office Hair Salon Clothing Store Auto Repair Shop Spa & Massage

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Federal Way
    County
    King
    State
    Washington
    Longitude
    -122.3163421
    Latitude
    47.2931453

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    FAQs

    What type of property is this?
    Commercial land - Large corner lot with permits for hotel and retail.
    Where is this commercial land located?
    The property is located at 34413 Pacific Hwy S Federal Way, WA.
    What is the asking price?
    The asking price for this property is $4,900,000.
    What are key features of this property?
    This property features: - Permits ready for a 90-unit hotel with over 4,000 sf of retail space and 109 parking spaces.; - Exceptionally large corner lot (close to 2.5 acres) in a busy Federal Way location.; - Zoned CE with multiple commercial opportunities including office, retail, breweries, entertainment, hotels/motels, and more.
    (425) 835-2304
    Request Owner's contact information
    34413 Pacific Hwy S Federal Way, WA 98003
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    Federal Way, WA 98003
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    34413 Pacific Hwy S Federal Way, WA 98003
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