Retail Space Near Light
For Lease
$25 SF/Yr
31830 & 31840 Pacific Highway South, Federal Way, WA 98003
Retail property near future light rail station and shopping mall.
Space Size1,960 SF
Property Size22,864 SF
Days on Market327
Property Features for 31830 & 31840 Pacific Highway South
General Information
Standard status
Active
Size
1,960 SF
Property subtype
Retail
Lease Term
NNN
Building Details
Building Size
22,864 SF
Year Built
1985
Spaces For Lease
at 31830 & 31840 Pacific Highway South
Federal Way Plaza - 1,960 SF
$25/SF/Yr
Size
1,960 SF
Type
Strip Center
Term
Negotiable
Listing Agency:
Lee & Associates Commercial Real Estate Services
Listed By:
Yeh-Hee Hahn
(253) 230-2412
Source:
Lee-associates
Added: Nov 26, 2025
Changed: Oct 6
Last Checked: Oct 16 at 6:27AM
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
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Investment Insights
Based on property information with market context.
This retail space is centrally located on Pacific Highway, benefiting from a daily traffic count of almost 35,000. A Sound Transit Light Rail Station is under construction a few blocks away, with an estimated completion date in 2024. The property is situated minutes from The Commons Mall, Sound Transit Station, and various major retailers. The property size is 22864 square feet.
Key Highlights
- Newly planned Sound Transit Light Rail Station a few blocks away (estimated completion 2024).
- Centrally located on Pacific Highway with high daily traffic count (almost 35,000).
- Minutes away from The Commons Mall.
Property Analytics
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
$3.75 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
1,797
Businesses Nearby
945k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 26%
Superstores 23%
Dining 19%
Apparel 16%
Target
Superstores
128,173 visits/mo
0.4 miles
Walmart
Superstores
88,513 visits/mo
0.5 miles
Safeway
Groceries
51,331 visits/mo
0.2 miles
T.J. Maxx
Apparel
50,639 visits/mo
0.3 miles
Best Buy
Electronics
33,167 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
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Retail space - Retail property near future light rail station and shopping mall.
Where is this retail space located?
The property is located at 31830 & 31840 Pacific Highway South Federal Way, WA.
What is the lease rate?
The lease rate is $25 SF/Yr.
What are key features of this property?
This property features: Newly planned Sound Transit Light Rail Station a few blocks away (estimated completion 2024).; Centrally located on Pacific Highway with high daily traffic count (almost 35,000).; Minutes away from The Commons Mall.
