Multi-Tenant Retail Shopping
For Sale
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29500 Pacific Hwy S, Federal Way, WA 98003
Multi-tenant retail center with 93.2% occupancy and 14 local service tenants on 1.42 acres.
Property SizeContact for details
Days on Market121
Property Features for 29500 Pacific Hwy S
General Information
Standard status
Active
Property subtype
Retail
Listing Agency:
Marcus & Millichap - Seattle
Listed By:
Brian Mayer · License #WA 108682
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 21 at 5:02AM
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 Marcus & Millichap - Seattle
Investment Insights
Based on property information with market context.
Redondo Plaza is an 18,180 square foot multi-tenant retail shopping center on 1.42 acres. The property is currently 93.2% occupied with fourteen local service-based tenants, and it includes 1,240 square feet of vacancy. Existing leases are described as short-term, with an offering narrative that includes near-term upside through increasing rents to market rate and restructuring the lease to NNN.
The center is located along Pacific Highway South in Federal Way, Washington. The property is positioned in a retail corridor with average traffic counts of 37,770 vehicles per day and nearby prominent national retailers including Macy’s, Dick’s Sporting Goods, Buffalo Wild Wings, Applebee’s, and Cinemark.
With its tenant roster and remaining vacancy, Redondo Plaza presents a retail ownership opportunity centered on a multi-tenant configuration and active leasing strategy tied to the short-term lease terms.
The center is located along Pacific Highway South in Federal Way, Washington. The property is positioned in a retail corridor with average traffic counts of 37,770 vehicles per day and nearby prominent national retailers including Macy’s, Dick’s Sporting Goods, Buffalo Wild Wings, Applebee’s, and Cinemark.
With its tenant roster and remaining vacancy, Redondo Plaza presents a retail ownership opportunity centered on a multi-tenant configuration and active leasing strategy tied to the short-term lease terms.
Key Highlights
- 18,180 SF multi‑tenant retail center in Federal Way, WA
- 93.2% occupied with 14 local service‑based tenants
- On 1.42 acres with 1,240 SF vacancy
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
400
Businesses Nearby
25k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 51%
Shops & Services 49%
Starbucks
Dining
11,346 visits/mo
0.5 miles
Shell
Shops & Services
11,332 visits/mo
0.1 miles
SUBWAY
Dining
1,460 visits/mo
0.5 miles
Extra Space Storage
Shops & Services
838 visits/mo
0.2 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
Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Shopping center - Multi-tenant retail center with 93.2% occupancy and 14 local service tenants on 1.42 acres.
Where is this shopping center located?
The property is located at 29500 Pacific Hwy S Federal Way, WA.
What are key features of this property?
This property features: 18,180 SF multi‑tenant retail center in Federal Way, WA; 93.2% occupied with 14 local service‑based tenants; On 1.42 acres with 1,240 SF vacancy
