31430 Pacific Hwy S - Freestanding FOR SALE


Federal Way, WA 98003
$2,750,000 USD
253-528-8199
31430 Pacific Hwy S, Federal Way, WA for Sale
$2,750,000 USD
Freestanding - FOR SALE
1/20
null | Request Cap Rate

31430 Pacific Hwy S
Federal Way, WA 98003


HIGHLIGHTS

  • Workwear Building is a vacant freestanding retail asset for sale and lease perfect for investors and owner/users alike.
  • Prime retail spot in a high-traffic area seeing 23,187 vehicles per day, ensuring strong visibility and steady customer flow.
  • Positioned at the heart of Pacific Highway S, offering seamless access to Interstate 5 and S Dash Point Road for exceptional connectivity.
  • Located in a high-traffic area surrounded by major retailers such as Barnes & Noble, H-Mart, Petco, Trader Joe’s, Walmart, and local businesses.
  • Federal Way offers impressive consumer spending potential within a 5-mile radius of the property, with annual expenditures surpassing $2.8 billion.

OVERVIEW

31430 Pacific Highway S features a simple, low-maintenance brick façade with large windows welcoming in natural light. There are several special on-site features that ensure functionality for businesses. With 0.38 acres and 21 total parking spaces, there is plentiful room for employees and patrons. The broad on-site CF zoning allows for tons of optionality moving forward. The CF zoning designation stands for City Center Frame and is intended to support a mix of businesses. Permitted uses in the CF zone typically include a variety of commercial, residential, and mixed-use developments. The location of The Workwear Building is a major callout to investors and businesses seeking space. The property is just off Interstate 5, which connects in under less than 30 minutes to major cities Seattle and Tacoma. Outside of the property, there is a bus stop that allows patrons easy access. Pacific Highway S serves as Federal Way's primary retail hub, featuring a diverse mix of national and local retailers. With tenants such as Barnes & Noble, H-Mart, Petco, Trader Joe’s, and Walmart Supercenter, this consumer hub does an excellent job of servicing the local community. Area household incomes exceed $107,000 within a 10-mile radius, and area consumer spending is also notable, ringing in at $9.2 billion annually. Owner-occupants, tenants, and investors will find that the Workwear Building is an optimal destination ready to provide high visibility and a steady consumer base.

FOR SALE DETAILS

PRICE

$2,750,000 USD

PRICE/SF

$481 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Workwear Building

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1973

SPRINKLERS

-

PARKING SPACES

21

LAND DETAILS

LAND ACRES

0.38 AC

LAND SF

16,501 SF

ZONING

CF

APN/PARCEL ID

092104-9256

ASK ABOUT THIS PROPERTY

Mark FreitasFreitas Commercial Real EstateMore Info
253-528-8199

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Mark FreitasFreitas Commercial Real EstateMore Info
253-528-8199

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.