Retail Building with
New
For Lease
Contact for pricing
32303 Pacific Hwy S, Federal Way, WA 98003
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 Market3
Property Features for 32303 Pacific Hwy S
General Information
Standard status
Active
Size
37,384 SF
Net Rentable
8,360 SF
Total Parking Spaces
41
Lot size
0.86 Acres
Property subtype
Retail
Lease Type
NNN
Space & Availability
Available Space
8,360 SF
Contiguous Space
8,360 SF
Available From
2027-08-01
Site & Location
Corner Location
Yes
Drive-Thru
Yes
Additional Details
Flexible Term
Yes
Amenities
signalized corner location
Building Details
Building Size
8,360 SF
Tenancy
Single
Spaces For Lease
at 32303 Pacific Hwy S Contact us- Size
- 37,384 SF
- Term
- Negotiable
- Rate
- Contact for pricing
32303 Pacific Hwy S
Listing Agency:
NAI Puget Sound Properties
Listed By:
Kyle Sterling · License #126435
(425) 586-5608
Source:
Nai-psp
Added: Sep 22
Last Checked: Sep 22 at 1:45PM
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
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
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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
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Market
Vacancy Rate% for Retail in West region
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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
