New ListingPrime 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
| MLS # | 2594964 |
|---|---|
| Listing Type | For Sale |
| Style | Commercial Industrial |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 2 |
| Listing Provided By | Ethos Northwest Realty | Tammie Tom-Freeman |
| Zoning | Business,Multi-Family,Retail,See |
|---|---|
| Acreage | 2.44 |
| Property | 40121 |
|---|
| State | WA |
|---|---|
| County | King |
| City | Federal Way |
| Zip Code | 98003 |
| Area | 110 Dash Point | Federal Way |
| Community Name | Federal Way |
| Listing VS Median (in Federal Way) | |
Price: $4,500,000 low | high Med: $499,000 On site: 2 low | high Med: 101 | |
| State | WA |
|---|---|
| County | King |
| City | Federal Way |
| Zip Code | 98003 |
| Area | 110 Dash Point | Federal Way |
| Community Name | Federal Way |
| Listing VS Median (in Federal Way) | |
Price: $4,500,000 low | high Med: $499,000 On site: 2 low | high Med: 101 | |