Listed by Kelsey Diller, City Closers Real Estate
- Land
- Type
- 348,480 sq ft
- Lot
- 68
- Days on market
About this property
Rare ±8-acre land opportunity on Pacific Hwy S in Federal Way. Investment Opportunity with a Single Tenant, 5-Year, Triple Net Lease in place, 6% Cap Rate. Strong visibility, regional access, and a sizable site footprint position this property for both current income and long-term value creation. Large sites in this corridor are increasingly difficult to find. Reach out for additional information and to discuss potential fit. Don't miss the OM here; https://vimeo.com/1187227711?fl=pl&fe=sh
Location & commute
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Jeff's Neighborhood Guide
Get to know the Dash Point/Federal Way area
Jeff's Seattle & Eastside Neighborhood Guide profiles 70 communities: the streets, shorelines, parks, markets, and local places that define each one. It is editorial, separate from the MLS listing data above.
Property details
Listing details
- Listing number
- #2513240
- Listed
- May 7, 2026
- Days on market
- 68
Views
- View
- Territorial
Construction
- Style
- 41 - Res-Over 1 Acre
- Structure
- None
Lot
- Lot features
- Corner LotPaved
- Lot size
- 348,480 sq ft
Terms
- Terms offered
- CashConventional
Utilities
- Utilities
- Electricity ConnectedSeptic Design Installed
- Water
- AvailableOn Property
- Sewer
- In Street
Schools
- District
- Federal Way
- Elementary
- Enterprise Elem
- Middle
- Illahee Jnr High
- High
- Todd Beamer High
What stands out to you?
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- Territorial
- None
- Corner Lot
- Paved
- Cash
- Conventional
- Electricity Connected
- Septic Design Installed
- Available
- On Property
- In Street
Listing history
Listed
$2,700,000
May 7, 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
$15,723
- Principal & interest
- $13,653
- Property tax (est.)
- $2,070
Assumes $540,000 down (20%), a $2,160,000 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 October 12, 2026 at 12:45 PM 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.