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.
Pending
Listed by: City Closers Real Estate • Kelsey Diller
$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
- 72 days |
- 3 |
- 0 |
Zillow last checked:
Listing updated:
Listed by:
Kelsey Diller,
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: 5/8/2026
- Cumulative days on market: 72 days
- 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 |
|---|---|---|
| 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
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 98003
Nearby schools
GreatSchools rating
- 4/10Illahee Middle SchoolGrades: 5-8Distance: 0.8 mi
- 3/10Todd Beamer High SchoolGrades: 9-12Distance: 1.2 mi
- 5/10Enterprise Elementary SchoolGrades: PK-5Distance: 1.5 mi
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.
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A local agent can set up tours, give advice and negotiate with sellers.
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