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Listed by:Ethos Northwest Realty • Tammie Tom-Freeman
$ 4,500,000
Est. payment | /mo
2.44 Acres Lot
$ 4,500,000
Est. payment | /mo
2.44 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Active
Purchase Type For Sale
Subdivision Federal Way
MLS Listing ID 2594095
Style 43 - Comm/Industrial
Annual Tax Amount $40,121
Lot Size 2.435 Acres
Property Sub-Type Land
Property Description
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
State WA
County King
Area 110 - Dash Point/Federal Way
Interior
Fireplace false
Exterior
Utilities Available Electricity Available
View Y/N Yes
View Territorial
Building
Lot Description Corner Lot, Open Space, Paved, Sidewalk
Sewer Available
Water Available
Schools
School District Federal Way
Others
Senior Community No
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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