Listed by Alexandar Hong, COMPASS
- Commercial Industrial
- Type
- 90
- Days on market
About this property
Exceptional value-add development opportunity in a high-demand Federal Way corridor. Spanning 3.23 acres and zoned BN (Business Neighborhood), this site supports a wide range of revenue-generating uses. Tons of feasibility done for a strip mall, restaurant concepts, coffee shop, and office buildings—significantly reducing timeline and entitlement risk. Included in the sale are parcels located at 35415, 35409, 35104, and 35305 21st Avenue SW, Federal Way, WA 98023. Ideal for investors and developers seeking a high-yield, long-term income-producing asset. Seller is open to creative financing structures, offering additional flexibility to maximize returns.
Location & commute
Add a destination (work, gym, school) for directions and drive time.
Property details
Listing details
- Listing number
- #2473331
- Listed
- January 29, 2026
- Days on market
- 90
Construction
- Style
- 70 - Industrial
- Structure
- Industrial
Terms
- Terms offered
- CashConventionalOwner Will Carry
Utilities
- Water
- Public
- Sewer
- Sewer Connected
What stands out to you?
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- Industrial
- Cash
- Conventional
- Owner Will Carry
- Public
- Sewer Connected
Listing history
Listed
$1,500,000
January 29, 2026
Derived from current MLS listing fields. Full multi-cycle status history is on the roadmap.
Payment estimate
An estimate to help you plan, not a loan offer or financial advice.
Est. monthly
$8,735
- Principal & interest
- $7,585
- Property tax (est.)
- $1,150
Assumes $300,000 down (20%), a $1,200,000 loan at 6.5% over 30 years. Property tax is an estimated figure, not MLS data (verify with the county assessor). Excludes insurance, PMI, and closing costs. Not a commitment to lend or financial advice.
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Based on information submitted to the MLS GRID as of July 14, 2026 at 12:45 AM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.