34211 Pacific HwyFederal Way, WA 98003

Property Details for 34211 Pacific Hwy

Year built

1978

Construction

WOOD

Lot size

3.20 AC

Property size (Sq ft)

3,952 SF

Zone code

CE

Property type

Office properties

Property subtype

Office buildings

APN

202104-9053

APU

2021049053

Description

This exceptional commercial property in Federal Way, Washington, presents a unique investment opportunity. The offering encompasses a 3,952 square foot office building situated on a substantial 2.19-acre lot. The property features a paved parking area surrounding the office building and approximately 2.19 acres of graveled and fenced yard space, ideal for various commercial uses (the exact usable area requires verification). The office building consists of a single suite, offering flexibility for a variety of tenants. The property is zoned Commercial Enterprise (CE), allowing for a range of business operations. Its strategic location on Pacific Highway South provides excellent visibility and accessibility. The site benefits from its proximity to major transportation arteries, including the Highway 18/I-5 interchange, placing it within easy reach of the Port of Tacoma and a wealth of retail and service amenities. The property's address is 34211 Pacific Highway S, Federal Way, WA 98003, with King County Assessor's Parcel Number (APN) 202104-9053. This combination of office space and expansive yard area makes this property highly suitable for businesses requiring both office functionality and substantial outdoor space. Serious inquiries are encouraged to explore the potential of this versatile commercial property.

• CAP approach

  CAP return

  Valuation

  6%

  $1,069,421

  6.5%

  $987,158

  7%

  $916,646

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,059,784

  Geo Method

  $761,076

• Alternative Use

  Use

  Valuation

  Residential

  $1,224,076

  Hospitality

  $1,121,247

  Educational

  $932,864

  Medical

  $964,947

  Retail

  $1,451,122

Location Insight

City

Federal Way

County

King

State

Washington

Latitude

47.295

Longitude

-122.317

CBSA code

42660

CBSA name

SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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