35415 SW 21st Ave Federal Way, WA 98023

Listing agency COMPASS Show Phone

Listed by ALEXANDAR HONG

Source Corcoran

Added: Jan 29 Updated: Jul 10 at 3:46PM Checked: Jul 21 at 5:22AM

Report an Issue

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 COMPASS

---

Investment Insights

Based on property information with market context.

This 3.23-acre property in Federal Way presents a development opportunity. Zoned BN (Business Neighborhood), the site is suitable for various revenue-generating uses. Feasibility studies have been conducted for a strip mall, restaurant concepts, a coffee shop, and office buildings. The sale includes parcels located at 35415, 35409, 35104, and 35305 21st Avenue SW, Federal Way, WA 98023. It is suited for investors and developers seeking a long-term income-producing asset.

Key Highlights

• High‑demand Federal Way location in a Business Neighborhood (BN) zone.
• 3.23‑acre site suitable for various revenue‑generating uses like a strip mall, restaurant, coffee shop, or office.
• Extensive feasibility studies completed, reducing development timeline and risk.

Property Analytics

Property Profile Location Intelligence

Similar For Sale Nearby

• 

  $3,250,000

  13,220 SF

  Office/Flex Investment Building

  Fully leased office/flex building on NNN leases with 6 tenants and recent roof and HVAC improvements.

  1707 S 341st Pl, Federal Way, WA 98003

  View Details
• 

  $1,500,000

  140,699 SF

  3.23 Acres Commercial Land Available

  Commercial land with diverse development opportunities near major transportation routes.

  0 6th Ave SW, Federal Way, WA 98023

  View Details
• 

  $3,000,000

  47,800 SF

  New Office Building For Lease

  New office building with excellent access on the east side.

  32200 Weyerhaeuser Way S, Federal Way, WA

  View Details
• 

  $4,000,000

  9,998 SF

  Standalone Retail Building For Lease

  Remodeled retail building with high visibility and ample parking.

  30650 Pacific Hwy S, Federal Way, WA

  View Details
• 

  $4,285,000

  14,238 SF

  Walgreens NNN Investment Opportunity

  NNN Walgreens in Federal Way with strong traffic and demographics.

  28817 Military Rd S, Federal Way, WA 98003

  View Details
• 

  $3,995,000

  732 SF

  Federal Way Office Space Available

  Office space for rent in a park-like setting.

  33710-33720 9th Ave S, Federal Way, WA

  View Details
• 

  $3,950,000

  2,100 SF

  Federal Way Office Space Available

  Open office space with natural light and elevator access.

  34704 11th PL S, Federal Way, WA

  View Details
• 

  $8,145,700

  10,350 SF

  Federal Way Redevelopment Opportunity

  Strategic land play near future light rail station.

  2400 S 320th St, Federal Way, WA

  View Details
• 

  $1,700,000

  7,023 SF

  Six-Unit Condo-Style Apartment Building

  Condo-style six-unit building with private west-facing balconies and in-unit washers and dryers.

  28426 16th Ave S, Federal Way, WA 98003

  View Details
• 

  $2,300,000

  4,800 SF

  Federal Way Office Building

  Office building for sale in Federal Way, Washington.

  918 S 348th St, Federal Way, WA

  View Details
• 

  $3,000,000

  402,350 SF

  Federal Way Land Opportunity

  Large land parcel available in Federal Way, Washington.

  3600 S 320th St, Federal Way, WA 98001

  View Details
• 

  $3,995,000

  22,522 SF

  Federal Way Office Park For Sale

  Two-building office park in Federal Way, Washington, totaling 22,522 SF.

  33710 9th Ave S, Federal Way, WA 98003

  View Details

FAQs

What type of property is this?

Commercial land - 3.23 acre commercial land in Federal Way, WA for sale.

Where is this commercial land located?

The property is located at 35415 SW 21st Ave Federal Way, WA.

What is the asking price?

The asking price for this property is $1,500,000.

What are key features of this property?

This property features: High‑demand Federal Way location in a Business Neighborhood (BN) zone.; 3.23‑acre site suitable for various revenue‑generating uses like a strip mall, restaurant, coffee shop, or office.; Extensive feasibility studies completed, reducing development timeline and risk.