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Federal Way Commercial Land Opportunity
For Sale
$4,500,000

34413 Pacific Hwy S, Federal Way, WA 98003

Permit-ready commercial land for hotel and retail development.

Property SizeContact for details
Lot Size2.44 Acres
Days on Market273

Property Features for 34413 Pacific Hwy S

General Information

Standard status Active
Lot size 2.44 Acres
Property subtype Land

Taxes and HOA fees

Annual Taxes $40,121
Listing Agency: Ethos Northwest Realty
Listed By: Tammie Tom-Freeman · License #138821
Source: Exprealty
Added: Jan 26 Changed: Oct 26 Last Checked: Oct 26 at 4:55PM

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 Ethos Northwest Realty

Rey
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Investment Insights

Based on property information with market context.

This commercial property is located in a high-traffic area along Pacific Hwy S in Federal Way. The corner lot is nearly 2.5 acres and is zoned for Commercial Enterprise (CE), offering a multitude of business possibilities. The flat parcel is permit-ready for both a hotel and commercial retail space. It is suited for constructing a 58,000 square foot hotel featuring 90 units across four floors, along with over 4,000 square feet allocated for retail businesses and 109 parking spaces. Comprehensive architectural plans are available. All utilities are pre-installed on-site.

Key Highlights

  • Permit‑ready for a 90‑unit hotel and retail space, significantly reducing development time.
  • Prime commercial property located in a high‑traffic area along Pacific Hwy S in Federal Way.
  • Expansive corner lot, nearly 2.5 acres, zoned for Commercial Enterprise (CE) offering diverse business opportunities.

Property Analytics

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Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Bakery Pet Grooming Service Florist Parking Lot & Garage Tanning Salon

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

Location Intelligence

Trade Area within ½ mile

2,370
Businesses Nearby

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
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Frequently Asked Questions

What type of property is this?
Commercial land - Permit-ready commercial land for hotel and retail development.
Where is this commercial land located?
The property is located at 34413 Pacific Hwy S Federal Way, WA.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: Permit‑ready for a 90‑unit hotel and retail space, significantly reducing development time.; Prime commercial property located in a high‑traffic area along Pacific Hwy S in Federal Way.; Expansive corner lot, nearly 2.5 acres, zoned for Commercial Enterprise (CE) offering diverse business opportunities.
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