Federal Way Redevelopment
2400 S 320th St Federal Way, WA
2400 S 320th St, Federal Way, WA, 00000
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For Sale
Contact for pricing
Strategic land play near future light rail station.
Property Size10,350 SF
Lot Size1.87 Acres
Price / SF$787.02
Days on Market306
Property Features for 2400 S 320th St
General Information
- Standard status
- Active
- Size
- 10,350 SF
- Lot size
- 1.87 Acres
- Property subtype
- RETAIL
Listing Agency
Lee & Associates Commercial Real Estate Services
(253) 230-2412
Listed by
Yeh-Hee Hahn
(253) 230-2412
Source
Moodyscre
Added: Sep 19, 2025 Updated: Jul 6 at 9:33 am Checked: Jul 20 at 3:01 am
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
Investment Insights
Based on property information with market context.
This property offers a strategic land acquisition opportunity in Federal Way, Washington, near the upcoming Federal Way Link Light Rail Station, scheduled to open in late 2025. It provides direct access to Interstate 5, facilitating regional connectivity. The zoning permits development up to 200 feet, making it suitable for a mixed-use project that could include residential, retail, and office spaces. This transit-oriented redevelopment site offers long-term potential. The property is currently leased to Black Angus Steakhouse through November 30, 2026, with an option for a five-year renewal. The existing lease provides income while allowing time for planning as the $3.1 billion light rail extension connects Federal Way to Downtown Seattle, Sea-Tac International Airport, and Tacoma. Federal Way's affordability and infrastructure investments are driving demand for housing, retail, and commercial development. The incoming light rail station is expected to accelerate growth in the surrounding area. The location benefits from a stable employment base, with major employers nearby, including Amazon, DaVita Healthcare Partners, Virginia Mason Medical Center, St. Francis Hospital, Federal Way Public Schools, and World Vision International. The property, with its flexible zoning and strong fundamentals, is suitable for developers and investors looking to participate in Federal Way’s growth. The property size is 10350 square feet.
Key Highlights
- Prime transit‑oriented redevelopment site within walking distance of the new Federal Way Link Light Rail Station (opening late 2025) connecting to Seattle, Sea‑Tac Airport, and Tacoma.
- Zoning allows for development up to 200 feet, suitable for a mixed‑use project.
- Direct access to Interstate 5 provides exceptional regional connectivity.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Commercial land
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FAQs
What type of property is this?
Land - Strategic land play near future light rail station.
Where is this land located?
The property is located at 2400 S 320th St 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: Prime transit‑oriented redevelopment site within walking distance of the new Federal Way Link Light Rail Station (opening late 2025) connecting to Seattle, Sea‑Tac Airport, and Tacoma.; Zoning allows for development up to 200 feet, suitable for a mixed‑use project.; Direct access to Interstate 5 provides exceptional regional connectivity.
