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. Don't miss the OM here; https://vimeo.com/1187227711?fl=pl&fe=sh
Active
Listed by: City Closers Real Estate • Kelsey Diller • 206-915-6028
$2,700,000
37405 Pacific Highway S, Federal Way, WA 98003
--beds
--baths
8Acres
Unimproved Land
Built in ----
8 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Regional accessStrong visibilitySizable site footprint
- --
- on Zillow
- 87
- views
- 9
- saves
Zillow last checked:
Listing updated:
Listed by:
Kelsey Diller 206-915-6028 kelsey@CityClosers.com,
City Closers Real Estate
Source: NWMLS as distributed by MLS GRID,MLS#: 2513240
Facts & features
Interior
Features
- Has fireplace: No
Interior area
- Total structure area: 0
Property
Features
- Has view: Yes
- View description: Territorial
Lot
- Size: 8 Acres
- Features: Corner Lot, Paved, Partially Cleared
- Topography: Level,Sloped
Details
- Parcel number: 218820420501
- Zoning: RS15.0
- Zoning description: Residential,Jurisdiction: City
- Special conditions: Standard
Utilities & green energy
- Electric: On Property
- Gas: Not Available
- Sewer: In Street, Septic Design Installed
- Water: Available, On Property, Jurisdiction: Lakehaven Water and Sewer District
- Utilities for property: Electricity Connected, Septic Design Installed
Community & HOA
Community
- Subdivision: S Federal Way
Location
- Region: Federal Way
Financial & listing details
- Date on market: 5/7/2026
- Listing terms: Conventional
- Electric utility on property: Yes
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 9/9/2026 | Listed for sale | $2,700,000 |
Source:  NWMLS as distributed by MLS GRID #2513240 Report a problem | ||
| 6/11/2026 | Pending sale | $2,700,000 |
Source: NWMLS as distributed by MLS GRID #2513240 Report a problem | ||
| 5/7/2026 | Listed for sale | $2,700,000+1164.6% |
Source: NWMLS as distributed by MLS GRID #2513240 Report a problem | ||
| 3/15/2022 | Sold | $213,500+65.5% |
Source: NWMLS as distributed by MLS GRID #1881979 Report a problem | ||
| 1/27/2022 | Pending sale | $129,000 |
Source: NWMLS as distributed by MLS GRID #1881979 Report a problem | ||
| 1/26/2022 | Listed for sale | $129,000 |
Source: NWMLS as distributed by MLS GRID #1881979 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Climate risks
Neighborhood: 98003
Nearby schools
Schools provided by the listing agent
- Elementary: Enterprise Elem
- Middle: Illahee Jnr High
- High: Todd Beamer High
Source: NWMLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
Similar homes
- $2,750,0004.33 acres4406 S 338 Street N, Auburn, WA 98001Active
MLS ID #2465162, Jess S. Salazar. NWMLS as distributed by MLS GRID - $1,999,9504.61 acresWhispering Woods At Jovita Hts., Auburn, WA 98001Active
MLS ID #2572867, Scott Horan. NWMLS as distributed by MLS GRID - $2,500,00019.26 acres3304 E Pioneer, Puyallup, WA 98372Active
MLS ID #2537043, Charles Wilcox. NWMLS as distributed by MLS GRID - $1,500,0004.68 acres31 XXX 32nd Avenue S, Federal Way, WA 98003Active
MLS ID #2555834, Troy M. Lehman. NWMLS as distributed by MLS GRID
