This listing courtesy of Alexandar Hong , COMPASS

$1,500,000

35415 SW 21st Ave, Federal Way, WA 98023

Commercial Property
Built in ——
—— sqft lot
—— car garage
$——/sqft
Listed 3 months ago

Property Description

Exceptional value-add development opportunity in a high-demand Federal Way corridor. Spanning 3.23 acres and zoned BN (Business Neighborhood), this site supports a wide range of revenue-generating uses. Tons of feasibility done for a strip mall, restaurant concepts, coffee shop, and office buildings—significantly reducing timeline and entitlement risk. Included in the sale are parcels located at 35415, 35409, 35104, and 35305 21st Avenue SW, Federal Way, WA 98023. Ideal for investors and developers seeking a high-yield, long-term income-producing asset. Seller is open to creative financing structures, offering additional flexibility to maximize returns.

Listing Status:: Active
Data Last Updated:: May 21, 2026 at 2:20AM
Listing Office:: COMPASS : 253-987-1778
Listing Agent:: Alexandar Hong : 253-987-1778
MLS ID:: 2473331

A/C: None
Heating: None
Fireplace: Fireplaces: 0

Parking: Parking spaces: 0

General: 70 - Industrial

HOA Amenities: 0.0
Originating MLS: nwmls
County: King

Topography: Level
Zoning: 2521039037

Water: Public
Sewer: Sewer Connected

Source: nwmls

This listing courtesy of Alexandar Hong , COMPASS

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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