348th 1St Ave Federal Way, WA 98003
- Retail properties
- 17,954 SF
Current Use by Public Records
- Retail properties
Property Details for 348th 1St Ave
- Property size
- 17,954 SF
- Property type
- Retail properties
- Property subtype
- Office Properties & Spaces
Description
This exceptional 17,954 square foot mixed-use property, located at the intersection of S 348th St and 1st Avenue S in Federal Way, WA 98003, presents a unique investment opportunity. The property consists of ten buildings and offers a total of 17,954 square feet, with 3,090 square feet currently vacant and available for lease. The building is categorized as retail and office space, specifically designated as a medical office, outparcel/pad, and mixed-use development. Its strategic location offers high visibility and accessibility, situated directly adjacent to St. Francis Hospital and its West Campus offices. The property benefits from its proximity to the I-5 and SR-18 interchange, ensuring convenient access for patients and staff. Furthermore, the development sits in front of approximately 260 new apartments, providing a built-in customer base. High traffic volume is guaranteed with an average daily count of 32,345 vehicles on S 348th Street. This property is ideal for medical practices seeking a high-traffic, easily accessible location within a thriving community. The multiple tenancy structure allows for flexibility and potential for diverse revenue streams. King County location provides access to a large and growing population base. Don't miss this chance to secure a prime medical office space in a rapidly developing area.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Federal Way
- County
- King
- State
- Washington
- Longitude
- -122.333
- Latitude
- 47.3203
