35109 Pacific S Hwy Federal Way, WA 98003-8310

This exceptional 1.43-acre commercial property in Federal Way, WA, offers a unique owner-user or redevelopment opportunity. The site includes a 2,400 sq ft building, constructed in 1980 and renovated in 2015, currently operating as a profitable restaurant. The property boasts a prime location on Pacific Highway S (Hwy-99), a high-traffic area with approximately 45,000 vehicles per day, providing excellent visibility and accessibility. The CE (Commercial Enterprise) zoning allows for diverse development options, maximizing investment potential. The strong demographics of South King County, with an 18.61% population growth over the past decade and over 200,000 residents within a 5-mile radius boasting average household incomes exceeding $88,000, further enhance the property's value. Federal Way's designation as an Opportunity Zone presents additional investment advantages. The property's proximity to major transportation arteries, including I-5 and Hwy-18, provides convenient access to Seattle, Tacoma, and the SeaTac Airport. Nearby amenities include a new light rail station (scheduled for 2024), a planned light rail Operations and Maintenance Facility, and significant recent commercial developments, including new warehouses and retail expansions. The tax parcel number is 2021049047. This is a turnkey opportunity for a savvy investor seeking immediate cash flow and long-term growth potential.