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2424 S 320th Street, Federal Way, WA 98003

A 9,753-square-foot retail property built in 1984 is available for lease in Federal Way.

Space Size9,753 SF
Property Size12,640 SF
Days on Market2

Property Features for 2424 S 320th Street

General Information

Standard status Active
Size 9,753 SF
Property subtype Retail

Building Details

Building Size 12,640 SF
Year Built 1984

Spaces For Lease

at 2424 S 320th Street
Suite 2424
Size 9,753 SF
Type Street Retail
Term Negotiable
Rate Contact for pricing
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Listing Agency: Lee & Associates Commercial Real Estate Services
Listed By: Yeh-Hee Hahn
Source: Lee-associates
Added: Oct 1 Last Checked: Oct 1 at 2:11PM

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 9,753-square-foot retail property was built in 1984 and is offered for lease. It is located at 2424 S 320th Street in Federal Way, Washington.

More than 230,000 residents live within five miles. Nearby employers include Washington Education Association, World Vision U.S., DaVita, and St. Francis Hospital, part of Virginia Mason Franciscan Health.

Key Highlights

  • 9,753 square feet of retail space
  • Built in 1984
  • More than 230,000 residents within five miles

Property Analytics

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Current Use

Retail space

Suggested Use

Top Pick HVAC Service Garden Center Storage Facility Electrical Service Building Supply Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,203
Businesses Nearby
490k
Monthly Visits Nearby

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

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - A 9,753-square-foot retail property built in 1984 is available for lease in Federal Way.
Where is this retail space located?
The property is located at 2424 S 320th Street Federal Way, WA.
What are key features of this property?
This property features: 9,753 square feet of retail space; Built in 1984; More than 230,000 residents within five miles
More about this property
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