Retail Space Near The
For Lease
$24 SF/Yr
1200 S 324th Street, Federal Way, WA 98003
Retail space in Federal Way, near major retailers.
Space Size450 SF - 800 SF
Property Size12,698 SF
Days on Market338
Property Features for 1200 S 324th Street
General Information
Standard status
Active
Size
450 SF - 800 SF
Property subtype
Retail
Lease Term
$6.00 SF/Yr NNN
Building Details
Building Size
12,698 SF
Year Built
1989
Spaces For Lease
at 1200 S 324th Street Contact us450 SF Space $24 – $27/SF/Yr
Size
450 SF
Type
Street Retail
Term
Negotiable
700 SF Space $24 – $27/SF/Yr
Size
700 SF
Type
Street Retail
Term
Negotiable
800 SF Space $24 – $27/SF/Yr
Size
800 SF
Type
Street Retail
Term
Negotiable
Listing Agency:
Lee & Associates Commercial Real Estate Services
Listed By:
Yeh-Hee Hahn
(253) 230-2412
Source:
Lee-associates
Added: Nov 23, 2025
Changed: Oct 26
Last Checked: Oct 26 at 2:01PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lee & Associates Commercial Real Estate Services
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail space is located in Neon Plaza in Federal Way, near The Commons and other major retailers. The Commons is a regional mall in Federal Way and home to Amazon Fresh, Dick's Sporting Goods, Target, Kohls, Century Theater and many other national retailers. The property benefits from ample parking and easy access from Pacific Highway, with additional access from 324th & 11th Place S. The location experiences a traffic count of 40,000+ cars per day on Pacific Highway and 324th Street. The property offers 450 square feet of retail space.
Key Highlights
- High traffic count (40,000+ CPD) on Pacific Highway and 324th Street.
- Central location in Federal Way near The Commons.
- Proximity to major retailers including Amazon Fresh, Dick's Sporting Goods, Target, Kohls, and Century Theater.
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$3.60 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
1,679
Businesses Nearby
625k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 29%
Dining 24%
Apparel 21%
Groceries 14%
Safeway
Groceries
51,331 visits/mo
0.1 miles
T.J. Maxx
Apparel
50,639 visits/mo
0.5 miles
Best Buy
Electronics
33,167 visits/mo
0.4 miles
Safeway Gas
Shops & Services
30,222 visits/mo
0.1 miles
Ross Dress for Less
Apparel
29,631 visits/mo
0.1 miles
Demographics for 98003, WA
51,751
Population
20,380
Households
2.5
Avg Household Size
37
Median Age
28%
College-Educated
88%
High-School Grad
11.5 sq mi
ZIP Area
4,500
Density / Sq Mi
$70,800
Median Household Income
$39,497
Median Earnings
$1,650
Median Rent
$428,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Strip mall - Retail space in Federal Way, near major retailers.
Where is this strip mall located?
The property is located at 1200 S 324th Street Federal Way, WA.
What is the lease rate?
The lease rate is $24 SF/Yr.
What are key features of this property?
This property features: High traffic count (40,000+ CPD) on Pacific Highway and 324th Street.; Central location in Federal Way near The Commons.; Proximity to major retailers including Amazon Fresh, Dick's Sporting Goods, Target, Kohls, and Century Theater.
