Search
Four-Parcel Commercial Land
For Sale
$1,500,000

35415 SW 21st Ave, Federal Way, WA 98023

Four parcels totaling 3.23 acres zoned Neighborhood Business (BN) for a range of commercial uses.

Property SizeContact for details
Days on Market48

Property Features for 35415 SW 21st Ave

General Information

Standard status Active
Listing Agency: COMPASS
Listed By: Alexandar Hong
Source: Montgomeryht
Added: Jul 26 Changed: Sep 8 Last Checked: Sep 11 at 2:24PM

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 offering consists of four parcels totaling 3.23 acres of commercial land. Neighborhood Business (BN) zoning allows for a variety of uses, including office, retail, multifamily, restaurants, and churches, subject to Federal Way Revised Code Chapter 19.215.

The property is in close proximity to retail and services and near HWY 99, 509, I-5, and HWY 18, supporting convenient access for many day-to-day commercial needs.

With four separate parcels making up the tract, the configuration can be useful for development planning within the BN zoning framework.

Key Highlights

  • Four parcels totaling 3.23 acres
  • Zoned Neighborhood Business (BN) allowing a range of uses
  • Permitted uses listed include office, retail, multifamily, and restaurants

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence
Open Analytics

Current Use

Commercial land

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Restaurant Hair Salon Spa & Massage Center

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

225
Businesses Nearby

Demographics for 98023, WA

51,713
Population
18,777
Households
2.8
Avg Household Size
38
Median Age
34%
College-Educated
93%
High-School Grad
10.3 sq mi
ZIP Area
5,021
Density / Sq Mi
$101,960
Median Household Income
$50,186
Median Earnings
$1,875
Median Rent
$545,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Commercial land - Four parcels totaling 3.23 acres zoned Neighborhood Business (BN) for a range of commercial uses.
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: Four parcels totaling 3.23 acres; Zoned Neighborhood Business (BN) allowing a range of uses; Permitted uses listed include office, retail, multifamily, and restaurants
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message