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JRJeff ReynoldsCompass · Seattle
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Listed by Tammie Tom-Freeman, Ethos Northwest Realty

Commercial Industrial
Type
106,072 sq ft
Lot
0
Days on market

About this property

Prime Commercial Vacant Land in Federal Way — Permit Ready! Don’t miss this exceptional development opportunity in a high-traffic, highly visible location along Pacific Hwy S. This expansive, nearly 2.5-acre corner parcel is zoned Commercial Enterprise (CE) and is positioned for a significant hotel and retail development. Approved permits and comprehensive architectural plans are available, providing a streamlined path toward construction and reducing the time and uncertainty typically associated with the development process. The approved plans call for an approximately 58,000 SF, four-story hotel featuring 90 units, along with more than 4,000SF of commercial retail space and 109 parking spaces. The flat, well-configured site offers excellent visibility and accessibility, while utilities are already installed on-site, adding significant value for a developer or investor. With its prominent location, commercial zoning, existing infrastructure, approved plans, and substantial development potential, this property presents a rare opportunity to bring a large-scale hospitality and retail project to market in adynamic Federal Way corridor. The site may also offer flexibility for other permitted commercial uses, making it an attractive option for a variety of investment and development . A unique opportunity for developers, investors, and hospitality operators seeking a permit-ready commercial property with substantial upside. Contact LA with questions

Location & commute

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Directions

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
#2594964
Listed
October 15, 2026
Days on market
0

Construction

Style
61 - Comm Bldg Ovr 10K
Structure
Unspecified

Lot

Lot size
106,072 sq ft

Terms

Terms offered
CashConventional

Utilities

Water
Public
Sewer
Available

What stands out to you?

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  • Unspecified
  • Cash
  • Conventional
  • Public
  • Available

Listing history

  1. Listed

    $4,500,000

    October 15, 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

$26,204

Principal & interest
$22,754
Property tax (est.)
$3,450

Assumes $900,000 down (20%), a $3,600,000 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.

Similar nearby listings

Based on information submitted to the MLS GRID as of October 15, 2026 at 2:00 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.