Transit-Oriented Commercial
For Sale
Contact for pricing
2400 S 320th Street, Federal Way, WA 98003
Site supports mixed-use planning with an existing restaurant lease and access to Interstate 5.
Property SizeContact for details
Days on Market12
Property Features for 2400 S 320th Street
General Information
Standard status
Active
Property subtype
Land, Retail
Listing Agency:
Lee & Associates - Tacoma
Listed By:
Yeh-Hee Hahn · License #2161
Source:
Crexi
Added: Sep 1
Changed: Sep 9
Last Checked: Sep 11 at 8:15AM
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 - Tacoma
Investment Insights
Based on property information with market context.
This commercial land property at 2400 S 320th Street is currently leased to Black Angus Steakhouse through November 30, 2026, with one five-year renewal option. The site supports development up to 200 feet and allows for a mixed-use concept incorporating residential, retail, and office components.
The property is within walking distance of the Federal Way Link Light Rail Station, scheduled to open in late 2025, and offers direct access to Interstate 5. Its location provides proximity to planned regional transit improvements while the existing restaurant tenancy provides an established interim use during planning and entitlement efforts.
The property is within walking distance of the Federal Way Link Light Rail Station, scheduled to open in late 2025, and offers direct access to Interstate 5. Its location provides proximity to planned regional transit improvements while the existing restaurant tenancy provides an established interim use during planning and entitlement efforts.
Key Highlights
- Development zoning allows structures up to 200 feet
- Leased to Black Angus Steakhouse through November 30, 2026
- One five‑year renewal option remains under the current lease
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,203
Businesses Nearby
490k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 40%
Superstores 26%
Apparel 20%
Shops & Services 6%
Target
Superstores
128,173 visits/mo
0.3 miles
T.J. Maxx
Apparel
50,639 visits/mo
0.4 miles
McDonald's
Dining
44,198 visits/mo
0.1 miles
HomeGoods
Home Improvements & Furnishings
27,979 visits/mo
0.5 miles
76
Shops & Services
24,396 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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Commercial land - Site supports mixed-use planning with an existing restaurant lease and access to Interstate 5.
Where is this commercial land located?
The property is located at 2400 S 320th Street Federal Way, WA.
What is the asking price?
The asking price for this property is $8,145,700.
What are key features of this property?
This property features: Development zoning allows structures up to 200 feet; Leased to Black Angus Steakhouse through November 30, 2026; One five‑year renewal option remains under the current lease
