31620 23Rd Ave Federal Way, WA 98003
- Office buildings
- 40,053 SF
- 1.47 lot acres
Current Use by Public Records
- Office buildings
Property Details for 31620 23Rd Ave
- Year built
- 1984
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 1.47 lot acres
- Property size
- 40,053 SF
- Zone code
- CC-F
- Property type
- Office buildings
- APN
- 092104-9051
- APU
- 921049051
Description
The Parklane Executive Center, located at 31620 23rd Avenue South in Federal Way, WA 98003, offers exceptional office space in a Class B building. This single, three-story building boasts a total of 40,053 square feet, with 720 square feet currently vacant. Multiple tenancy options are available, ranging from 720 to 4,408 square feet, providing flexibility for various business needs. Built in 1984 and renovated in 2004, the property sits on a 1.53-acre lot and features ample parking with 140 spaces and convenient elevator access. Its strategic location in the CBA Federal Way submarket of King County (APN 0921049051) provides excellent access to the I-5 corridor, placing it within a 20-minute commute to Seattle. The property is zoned CF and benefits from its proximity to a new transit center in downtown Federal Way, enhancing accessibility and convenience. This presents a compelling opportunity for businesses seeking well-maintained office space in a thriving and easily accessible location.
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
- -122.303
- Latitude
- 47.3184
- CBSA code
- 42660
- CBSA name
- SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA
