Retail Building with
32303 Pacific Hwy S, Federal Way, WA 98003
For Lease
Contact for pricing
Existing retail improvements support NNN leasing, while the site also offers a long-term ground lease option.
Space Size37,384 SF
Lot Size0.86 Acres
Days on Market50
Property Features for 32303 Pacific Hwy S
General Information
Standard status
Size
Net Rentable
Total Parking Spaces
Lot size
Property subtype
Lease Type
Space & Availability
Available Space
Contiguous Space
Available From
Site & Location
Corner Location
Drive-Thru
Additional Details
Flexible Term
Amenities
signalized corner location
Building Details
Building Size
Tenancy
Spaces For Lease
at 32303 Pacific Hwy S
32303 Pacific Hwy S
Size
37,384 SF
Term
Negotiable
Rate
Contact for pricing
Listing Agency:
NAI Puget Sound Properties
Listed By:
Kyle Sterling · License WA #126435
(425) 586-5608
Source:
Nai-psp
Added: Sep 22
Changed: Nov 1
Last Checked: Nov 10 at 5:49AM
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 NAI Puget Sound Properties
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Investment Insights
Based on property information with market context.
The property includes an approximately 8,360-square-foot retail building on a 37,384-square-foot lot, with existing drive-through lanes and a service window. The improvements are being offered for NNN lease, while the site can also support a long-term ground lease for redevelopment. Potential concepts identified for the property include drive-through restaurant, retail, financial, medical, and professional-service uses.
The site occupies a signalized corner on Pacific Hwy S in Federal Way, across from The Commons Shopping Center and near the Federal Way Link Light Rail Station. Existing access and approximately 41 striped parking stalls support the current improvements and provide practical circulation for customer-oriented uses. Availability is scheduled for August 1, 2027.
The site occupies a signalized corner on Pacific Hwy S in Federal Way, across from The Commons Shopping Center and near the Federal Way Link Light Rail Station. Existing access and approximately 41 striped parking stalls support the current improvements and provide practical circulation for customer-oriented uses. Availability is scheduled for August 1, 2027.
Key Highlights
- Approximately 8,360 SF existing retail building
- 37,384 SF lot with redevelopment potential
- NNN lease or long‑term ground lease options
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
1,725
Businesses Nearby
809k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 23%
Dining 22%
Apparel 19%
Superstores 16%
Target
Superstores
128,173 visits/mo
0.4 miles
Safeway
Groceries
51,331 visits/mo
0.2 miles
T.J. Maxx
Apparel
50,639 visits/mo
0.4 miles
Best Buy
Electronics
33,167 visits/mo
0.4 miles
Safeway Gas
Shops & Services
30,222 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Properties on Market for Retail space in Federal Way
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Retail space - Existing retail improvements support NNN leasing, while the site also offers a long-term ground lease option.
Where is this retail space located?
The property is located at 32303 Pacific Hwy S Federal Way, WA.
What are key features of this property?
This property features: Approximately 8,360 SF existing retail building; 37,384 SF lot with redevelopment potential; NNN lease or long‑term ground lease options
