35109 Pacific S Hwy Federal Way, WA 98003-8310
Property profile & analytics
35109 Pacific S Hwy Federal Way, WA 98003-8310
- Turn key restaurants
- 2,400 SF
- 1.43 lot acres
Property ID
US90-3177440
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Turn key restaurants
Property Details for 35109 Pacific S Hwy
- Year built
- 1980
- Construction
- WOOD
- Lot size
- 1.43 lot acres
- Property size
- 2,400 SF
- Zone code
- CE
- Property type
- Turn key restaurants
- APN
- 202104-9047
- APU
- 2021049047
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,526,000
Market price range: $588k - $2.20M -
Alternative Use
- Use
- Estimation
- RESTAURANT
- $1,275,000 Current use
- COMMERCIAL (GENERAL)
- $1,225,000 Change: -4% Conversion: Easy
- AUTO REPAIR, GARAGE
- $1,100,000 Change: -13% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Federal Way
- County
- King
- State
- Washington
- Longitude
- -122.32
- Latitude
- 47.2866
- CBSA code
- 42660
- CBSA name
- SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$11,735
$712,700
$393,300
$1,106,000
-
$712,700
$393,300
$1,106,000
