32900 Pacific S Hwy, Federal Way, WA 98003-6481
- Retail space
- 4,050 SF
- 0.69 lot acres
Current Use by Public Records
- Retail space
Property Details for 32900 Pacific S Hwy
- Year built
- 1984
- Construction
- WOOD
- Lot size
- 0.69 lot acres
- Zone code
- BC
- Property type
- Retail space
- APN
- 797880-0080
- APU
- 7978800080
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| May 6, 2022 | $1,870,000 | Charles And Sue LLC | Rose & Company LLC | Warranty Deed | — |
| Sep 2, 2004 | $1,433 | Puget Sound Energy INC | Rose & Co LLC | Grant Deed · related | — |
| Sep 26, 2002 | — | Federay Way City (wa) | Rose & Company LLC | Grant Deed · related | — |
| May 28, 1997 | — | Rose & Co LLC | Normann,annette R | Quit Claim Deed · related | — |
| — | — | Rose & Co LLC | — | Deed Of Trust · related | $382k · Banner Bank |
| — | — | Rose & Co LLC | — | Deed Of Trust · related | $321k · Key Bank NA |
| — | — | Rose & Co LLC | — | Deed Of Trust · related | $250k · Banner Bank |
Description
This exceptional 4,050 square foot retail property, situated on a 30,239 square foot lot (tax parcel #7978800080), presents a unique investment opportunity in Federal Way, WA. Located on Pacific Highway S, this single-tenant building boasts high visibility along Highway 99, between exits 320th and 348th, offering convenient access and significant exposure. The property benefits from its proximity to The Commons Shopping Mall (a 780,000 square foot Class-A mall) and the new Sound Transit light rail station, ensuring high foot traffic and accessibility. The zoning is Community Business (BC), allowing for diverse commercial and residential uses, including light industrial, automotive sales and repair, retail, office, and multi-family development. The building is currently vacant and features 33 parking spaces. This lease offering is for the north lot only. A separate listing is available for the adjacent parcel. The property is also available for purchase. This is a rare opportunity to secure a prime retail location in a thriving area with excellent transportation links and strong surrounding amenities. The property offers a single story building with no elevators. Electricity is available on site.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,450,000
- ML approach
- $1,465,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,205,000
- 6.5%
- $1,115,000
- 7%
- $1,035,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,880,000
Market price range: $732k - $2.76M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $1,590,000 Current use
- COMMERCIAL (GENERAL)
- $2,065,000 Change: +30% Conversion: Easy
- AUTO REPAIR, GARAGE
- $1,860,000 Change: +17% Conversion: Difficult
- MEDICAL BUILDING
- $1,600,000 Change: +1% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Federal Way
- County
- King
- State
- Washington
- Longitude
- -122.313
- Latitude
- 47.3069
- CBSA code
- 42660
- CBSA name
- SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA
