About This Home
37405 Pacific Highway S, Federal Way, WA 98003
Rare ±8-acre land opportunity on Pacific Hwy S in Federal Way. Investment Opportunity with a Single Tenant, 5-Year, Triple Net Lease in place, 6% Cap Rate. Strong visibility, regional access, and a sizable site footprint position this property for both current income and long-term value creation. Large sites in this corridor are increasingly difficult to find. Reach out for additional information and to discuss potential fit.
Home Highlights
ParkingNo Info
OutdoorNo Info
HOANone
Price/SqftNo Info
ListedNo Info
Property Details
Appliances & Utilities
- Utilities: Electricity Connected, Septic Design Installed
Fireplace & Spa
- ✓ No Fireplace
Gas & Electric
- Electric: On Property
- Gas: Not Available
- ✓ Has Electric on Property
View
- ✓ Has a View
- View: Territorial
Parking & Garage
- ✓ No Carport
Frontage
- Responsible for Road Maintenance: County Maintained
- Road Surface Type: Paved
- ✓ Not on Waterfront
Water & Sewer
- Sewer: In Street, Septic Design Installed
Farm & Range
- ✓ Does Not Include Irrigation Water Rights
Surface & Elevation
- Topography: Level, Sloped
- Elevation Units: Feet
Property Type / Style
- Property Type: Land
- Property Subtype: Unimproved Land
- Structure Type: Unspecified
- Architecture: Res-Over 1 Acre
Property Information
- Usage of Home: Residential
- Parcel Number: 218820420501
Price
- List Price: $2,700,000
Direction & Address
- City: Federal Way
- Community: S Federal Way
School Information
- Elementary School: Enterprise Elem
- Jr High / Middle School: Illahee Jnr High
- High School: Todd Beamer High
- High School District: Federal Way
Listing Agent
- Listing ID: 2513240
Price History
| Date | Event | Price | Source |
|---|---|---|---|
| May 7, 2026 | Listed For Sale | $2,700,000 | NWMLS as distributed by MLS GRID #2513240 |
| Mar 15, 2022 | Sold | $213,500 | NWMLS as distributed by MLS GRID #1881979 |
| Jan 27, 2022 | Pending | $129,000 | NWMLS as distributed by MLS GRID #1881979 |
| Jan 26, 2022 | Listed For Sale | $129,000 | NWMLS as distributed by MLS GRID #1881979 |