31003 18th Avenue S Federal Way, WA $ 950,000
31003 18th Avenue S
$ 950,000
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31003 18th Avenue S

Federal Way, WA, 98003
$ 950,000
Baths0.0

Monthly Estimate*

$ 6,636

Listed by Keller Williams Rlty Bellevue
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Studio

Commercial Property for sale in Federal Way, WA

for $950,000. This building was built in 1945 on a lot size of 0.3486.

Introducing prime commercial office buildings nestled within a mixed-use district! These two Class D buildings sit prominently on a corner lot and have a combined square footage of 5,193. Building One boasts 3,617 square feet (3,047 on the main level and 570 below), while Building Two offers 1,576 square feet. Together, both structures can accommodate up to six separate office spaces, each with their own entrance and bathroom. Buyer can occupy both buildings, or occupy only a portion and rent out the rest. Benefitting from versatile BC zoning, the site enjoys a broad spectrum of potential uses, opening doors to a multitude of business ventures. Located one block from Pacific Hwy and only 5 minutes to I-5 and new light rail station.

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Commercial Pending

Price

$ 950,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 11,119

Style

Office

Lot Size

0.3486

Year Built

1945

Town/City

Federal Way

County/Region

King

MLS | Web ID

2215791

Features
General
Interior Features Wall to Wall Carpet
Sewer Sewer Connected
Heating Baseboard Wall Unit(s)
Possession Closing
Roof Composition
Exterior Features Wood
HOA 0
Year Built 1945
Topography Level
Property SubType Commercial Industrial
Tax Year 2024
County King
Net Operating Income 63808
Insurance Expense 4906
Property Type Commercial Sale
HOA / Comm Assn N
Subdivision Name Central Federal Way
Possible Use Business Commercial Multi-Family Office Retail See Remarks
Special Listing Conditions None
Status Pending Feasibility
Directions From Pacific Hwy S turn east onto S 310th St. Property on right before 18th Ave S.
City Federal Way
Buyer Agent Compensation 2.5
Senior Community Y/N N
Total Units 0
MLS Area 110 - Dash Point/Federal Way
Lot Size Square Feet 15186
Carport Y/N N
Street Name 18th
Listing Terms Cash Out Conventional
Tax Annual Amount 11119
Electric Expense 0
Fuel Expense 0
Property Condition Average
Public Remarks Introducing prime commercial office buildings nestled within a mixed-use district! These two Class D buildings sit prominently on a corner lot and have a combined square footage of 5 193. Building On
Virtual Tour https://www.tourfactory.com/idxr3141209
Structure Type Office
Building Area Units Square Feet
Standard Status Pending
Water Company Lakehaven
Total Actual Rent 7000
Zoning Class Business Commercial Multi-Family Office Retail See Remarks
Water Sewer Garbage 4167
Property Style 73 - Office
Cap Rate 6.72
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Interior
Flooring Vinyl Carpet
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Street Suffix Avenue
Living Area Units Square Feet
Power Production Type Electric
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Exterior
Water Source Public
Total Parking 26
Foundation Details Poured Concrete
Building Area Total 0
Lot Dimensions 149 x 103
Lot Size Acres 0.3486
Lot Size Units Square Feet
Covered Spaces 0
Open Parking Y/N N
Irrigation Water Rights Y/N N
Site Frontage 252
Parking Uncovered Total 26
Lot Number Solano Hts Add lot 31
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Internal Only
OriginalMLSID NWM2215791
Street Number 1 31003
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* Excluded Features
List By
Diane Lucas

Listing Agent

Keller Williams Rlty Bellevue

Broker

Affordability Calculator

$7,563
Per Month
88%
12%
0%
Monthly Principal & Interest
$6,636
Monthly Property Taxes
$927
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
258624 Elementary School
258775 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/2/2024$950,000 Listed Price

Map


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31003 18th Avenue S, Federal Way, WA, 98003 is a Commercial Property for sale at $950,000 with a lot size of 0.3486. 31003 18th Avenue S is a studio with 0.0 baths and was built in 1945. The property's zip code is 98003 which is in Federal Way, WA