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    Federal Way, WA
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    Federal Way, WA Retail Properties & Spaces for Sale

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    Auburn, WA Kent, WA Des Moines, WA
    Standalone Retail Building For Lease
    $4,000,000
    9,998 SF
    Standalone Retail Building For Lease

    30650 Pacific Hwy S, Federal Way, WA

    Remodeled retail building with high visibility and ample parking.
    • Standalone retail building at a busy, high‑visibility intersection
    • Excellent demographics: high population density and strong household incomes
    • Fully remodeled in 2017, including new roof and HVAC system
    • Ample parking with 39 stalls
    • High ceilings
    Updated: Sep 29, 2025
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    Walgreens NNN Investment Opportunity
    $4,285,000
    14,238 SF
    Walgreens NNN Investment Opportunity

    28817 Military Rd S, Federal Way, WA 98003

    NNN Walgreens in Federal Way with strong traffic and demographics.
    • Absolute NNN lease with 5+ years remaining, corporately guaranteed by Walgreens Boots Alliance, Inc.
    • Located in a high‑traffic area (33,000+ vehicles per day) at a signalized intersection with excellent visibility and access.
    • Shadow‑anchored by a top 10% ranked Safeway and adjacent to Valley Harvest International Market, driving strong traffic.
    • Walgreens has occupied the location since 2004 (21+ years).
    • Robust demographics with 230,000 residents within five miles and average household incomes exceeding $100,000.
    Updated: Feb 18
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    Spacious Grocery & Convenience Store
    $150,000
    Spacious Grocery & Convenience Store

    A spacious, easy-to-manage convenience store with walk-in cooler, positioned among dense residential and local retail activity.

    102-33320 Pacific Hwy S, Federal Way, WA 98003

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    Federal Way Development Opportunity
    $1,500,000
    3.23 Acres
    Federal Way Development Opportunity

    3.23 acre commercial land in Federal Way, WA for sale.

    35415 SW 21st Ave, Federal Way, WA 98023

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    Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 4 Active listings in Federal Way, WA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 68 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Auburn Corner Lot with Income
    $1,100,000
    0.39 Acres
    Auburn Corner Lot with Income

    Corner lot with high visibility and income-generating espresso stand.

    34049 Military Road S, Auburn, WA 98001

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    Fife Commercial Building with Parking
    $1,750,000
    6,065 SF
    Fife Commercial Building with Parking

    Commercial building in Fife with ample parking and recent renovations.

    5303 Pacific Hwy E, Fife, WA

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    Fife Land with Shop Structure
    $1,100,000
    33,106 SF
    Fife Land with Shop Structure

    33,106 SF site with shop, zoned City Center North.

    6214 16th St E, Fife, WA 98424

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    Corner Lot with Income Potential
    $1,100,000
    Corner Lot with Income Potential

    Auburn corner lot with high visibility and income potential.

    34049 Military Road S, Auburn, WA 98001

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    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Auburn Commercial Development Opportunity
    $850,000
    0.20 Acres
    Auburn Commercial Development Opportunity

    8,640 SF commercial lot in Auburn's core.

    509 C Street SW, Auburn, WA 98001

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    High-Visibility Commercial Mixed-Use Lot
    $450,000
    0.49 Acres
    High-Visibility Commercial Mixed-Use Lot

    Prime commercial lot with high visibility and development potential.

    1725 Meridian Avenue E, Edgewood, WA 98371

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    Prime Auburn Way Commercial Land
    $1,499,950
    1.30 Acres
    Prime Auburn Way Commercial Land

    High-exposure commercial land with development potential near Highway 167.

    4735 Auburn Way North, Auburn, WA 98002

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    Tacoma Land for Commercial Development
    $2,550,000
    1.00 Acre
    Tacoma Land for Commercial Development

    Nearly one acre of MUD-zoned land ideal for development.

    1148 72nd Street E, Tacoma, WA 98404

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    Off-Market Properties in Federal Way, WA

    Consider similar Off-Market properties in Federal Way, WA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    34603 16th S Ave
    AUTO REPAIR, GARAGE
    5,289 SF Lot: 0.52 Acres
    Estimated value
    $1,585,000

    34603 16th S Ave, Federal Way, WA 98003-6803

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    33520 21st SW Ave
    RETAIL STORES (PERSONAL SERVICES)
    14,568 SF Lot: 1.12 Acres
    Value Estimation by Request

    33520 21st SW Ave, Federal Way, WA 98023-2874

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    34900 Enchanted S Pkwy
    RESTAURANT
    3,909 SF Lot: 12.85 Acres
    Estimated value
    $685,000

    34900 Enchanted S Pkwy, Federal Way, WA 98003-8325

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    32945 Pacific S Hwy
    WHOLESALE OUTLET, DISCOUNT STORE
    18,870 SF Lot: 1.56 Acres
    Estimated value
    $2,885,000

    32945 Pacific S Hwy, Federal Way, WA 98003-6482

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    35109 Pacific S Hwy
    RESTAURANT
    2,400 SF Lot: 1.43 Acres
    Estimated value
    $1,510,000

    35109 Pacific S Hwy, Federal Way, WA 98003-8310

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    33530 Pacific S Hwy
    RETAIL STORES (PERSONAL SERVICES)
    6,912 SF Lot: 1.11 Acres

    33530 Pacific S Hwy, Federal Way, WA 98003-6890

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    1207 320th St
    GROCERY, SUPERMARKET
    55,437 SF Lot: 7.32 Acres
    Estimated value
    $8,090,000

    1207 320th St, Federal Way, WA 98003-5379

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    1301 320th St
    RESTAURANT
    3,162 SF Lot: 0.58 Acres
    Value Estimation by Request

    1301 320th St, Federal Way, WA 98003-5340

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    1211 320th St
    RETAIL STORES (PERSONAL SERVICES)
    28,137 SF Lot: 2.06 Acres
    Estimated value
    $3,465,000

    1211 320th St, Federal Way, WA 98003-5339

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    2131 336th St
    RETAIL STORES (PERSONAL SERVICES)
    31,795 SF Lot: 2.37 Acres

    2131 336th St, Federal Way, WA 98023-2847

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    32530 Pacific S Hwy
    AUTO REPAIR, GARAGE
    4,559 SF Lot: 0.36 Acres
    Estimated value
    $1,255,000

    32530 Pacific S Hwy, Federal Way, WA 98003-6402

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    28718 Military S Rd
    AUTO REPAIR, GARAGE
    1,562 SF Lot: 0.82 Acres
    Value Estimation by Request

    28718 Military S Rd, Federal Way, WA 98003-3364

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    27202 Pacific S Hwy
    CONVENIENCE STORE
    2,663 SF Lot: 0.65 Acres
    Estimated value
    $555,000

    27202 Pacific S Hwy, Federal Way, WA 98003-6998

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    1401 324th St
    RETAIL STORES (PERSONAL SERVICES)
    10,365 SF Lot: 1.20 Acres
    Estimated value
    $1,555,000

    1401 324th St, Federal Way, WA 98003-8476

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    27820 Pacific S Hwy
    AUTO REPAIR, GARAGE
    2,888 SF Lot: 0.42 Acres
    Estimated value
    $1,535,000

    27820 Pacific S Hwy, Federal Way, WA 98003-3401

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    2002 Campus Dr
    RESTAURANT
    7,500 SF Lot: 0.70 Acres
    Value Estimation by Request

    2002 Campus Dr, Federal Way, WA 98023-6603

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    2002 320th St
    DRIVE-THRU RESTAURANT, FAST FOOD
    2,500 SF Lot: 0.34 Acres
    Value Estimation by Request

    2002 320th St, Federal Way, WA 98003-5415

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    3440 320th St
    RETAIL STORES (PERSONAL SERVICES)
    1,840 SF Lot: 0.31 Acres
    Estimated value
    $8,800,000

    3440 320th St, Federal Way, WA 98023-2293

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    27417 Pacific S Hwy
    GYM, HEALTH SPA
    45,000 SF Lot: 4.29 Acres
    Estimated value
    $6,250,000

    27417 Pacific S Hwy, Federal Way, WA 98003-6900

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    33507 9th S Ave
    FINANCIAL BUILDING
    3,744 SF Lot: 0.92 Acres
    Value Estimation by Request

    33507 9th S Ave, Federal Way, WA 98003-6397

    View details

    Federal Way, WA Retail Properties & Spaces Investment Opportunities Market Analysis

    Explore 72 retail properties & spaces for sale in Federal Way, WA, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 24,236 square feet of properties for sale, with an estimated market value of $8,285,000.

    Sale prices for stores in Federal Way, WA start at $4,000,000, averaging $4,142,500, and reaching up to $4,285,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Shopping centers 10
    Auto shops 2
    Automotive properties 2
    Drug stores 2
    Grocery and convenience stores 1

    Demographics Overview

    Population 138K
    Population Growth (5Y) +4.6%
    Median Household Income $91,533
    College Educated 23.6%

    High-Yield Neighborhoods for Investment

    Identify Federal Way submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    98023 $1.5M
    98003 $4.3M

    Taxes & Financing

    Tax Rate (average for all types) 1.01%
    Property Tax per SF $9.26 per SF
    Tax Rate vs County Average 0.17 pp above county avg
    Average Loan-to-Value 65.0%

    Property Size Breakdown

    The majority of commercial real estate listings in Federal Way fall within the 25,000 to 50,000 square foot range.

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    Most Searched ZIP Codes in Federal Way, WA

    • 98003
    • 98023

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