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
- Property size
- 4,050 SF
- Zone code
- BC
- Property type
- Retail space
- APN
- 797880-0080
- APU
- 7978800080
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 Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,450,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,965,000
- 6.5%
- $1,805,000
- 7%
- $1,795,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,755,000
- Geo Method
- $1,785,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,420,000
- Retail
- $1,665,000
- Mixed-Use
- $1,595,000
- Hospitality
- $1,830,000
- Educational
- $1,400,000
- Residential Income
- $1,520,000
- Energy
- $1,580,000
- Income-Based Land
- $1,730,000
- Food Service
- $1,710,000
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
