Listed by Venture Real Estate Group LLC
$4,900,000

34413 Pacific Hwy S Federal Way, WA 98003

Estimated payment $28,992/month

Total Views 5,270
2.44 Acres
$2,012,238 Price per Acre
106,073 Sq Ft Lot

Highlights

  • Territorial View
  • No HOA
  • Open Space
  • Corner Lot

About This Lot

Prime Commercial Property in Federal Way, permit ready! Introducing an exceptional business opportunity in a high-traffic area along Pacific Hwy S in Federal Way. This expansive corner lot, nearly 2.5 acres, is equipped w/ permit ready for both a hotel & commercial retail space. Zoned for Commercial Enterprise (CE), it offers a multitude of business possibilities. The flat parcel is perfectly suited for constructing a 58,000 sf hotel featuring 90 units across four floors, along with over 4,000 sf allocated for retail businesses and 109 parking spaces. Comprehensive architectural plans are available for prospective investors, all utilities are pre-installed on-site. A rare gem in a dynamic location. Contact LA w/ questions.

Listing Agent

Tammie Freeman

Venture Real Estate Group LLC License #138821 Listed on: 04/24/2025

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2363548

Northwest Multiple Listing Service (NWMLS)

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $36,151

Lot Details

  • 2.44 Acre Lot
  • Open Space
  • Corner Lot
  • Level Lot
  • 202104910908
  • Zoning described as Business,Commercial,Multi-Family,Retail,See Remarks

Property Views

  • Territorial Views

Community Details

  • No Home Owners Association
  • Federal Way Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2021049109

Property Details

Property Type

Land

Est. Annual Taxes

$36,151

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • StyleCode: 43 - Comm/Industrial
  • MLS Status: Active
  • Prev Status: Active
  • CalculatedSquareFootage: 0
  • SeniorExemption: false
  • Survey: Available
  • Special Features: None

Interior Features

  • Possible Use: Commercial, Multi-Family, Retail, See Remarks
  • Fireplace: No
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • View: Territorial
  • Lot Features: Corner Lot, Open Space, Paved, Sidewalk
  • Road Surface Type: Paved
  • View: Yes
  • Waterfront: No
  • Structure Type: Industrial
  • RoadInformation: Paved
  • WaterJurisdiction: City
  • Easements: See Preliminary Commitment

Garage/Parking

  • Carport Y N: No

Utilities

  • Sewer: Available
  • Water Source: Available
  • Cooling Y N: No
  • Heating Yn: No
  • Electricity On Property: No
  • Utilities: Electricity Available, Natural Gas Available
  • ElectricityStatus: Available
  • GasStatus: Available

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Federal Way
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 2021049109
  • Topography: Level
  • Lot Size Acres: 2.4351
  • Lot Size Sq Ft: 106072
  • Additional Parcels Description: 202104910908
  • Zoning Description: Business,Commercial,Multi-Family,Retail,See Remarks
  • Zoning: CE
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: City

Tax Info

  • Year: 2024
  • Tax Annual Amount: 36151

MLS Schools

  • Elementary School: Buyer To Verify

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/24/2025 04/24/25 For Sale $4,900,000 -- --
Source: Northwest Multiple Listing Service (NWMLS)

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2363548

Northwest Multiple Listing Service (NWMLS)
Washington King County Federal Way 98003

34413 Pacific Hwy S, Federal Way, WA

This home is located at 34413 Pacific Hwy S, Federal Way, WA 98003 and is currently priced at $4,900,000. 34413 Pacific Hwy S is a home located in King County with nearby schools including Rainier View Elementary School, Sequoyah Middle School, and Todd Beamer High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Multiple Listing Service (NWMLS) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID

Nearby Homes
Tammie Freeman
Listing Agent
Tammie Freeman
Section Image
Venture Real Estate Group LLC
(253) 271-4617