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35415 SW 21st Ave Federal Way, WA $ 1,500,000
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$ 1,500,000 Get more info
35415 SW 21st Ave
$ 1,500,000
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35415 SW 21st Ave

Federal Way, WA, 98023
$ 1,500,000
Bedrooms-- Baths--

Monthly Estimate*

$ 9,236

Listed by COMPASS
35415 SW 21st Ave, Federal Way, WA 98023 - Image 1
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Commercial Property for sale in Federal Way, WA

for $1,500,000.

Exceptional value-add development opportunity in a high-demand Federal Way corridor. Spanning 3.23 acres and zoned BN (Business Neighborhood), this site supports a wide range of revenue-generating uses. Tons of feasibility done for a strip mall, restaurant concepts, coffee shop, and office buildings—significantly reducing timeline and entitlement risk. Included in the sale are parcels located at 35415, 35409, 35104, and 35305 21st Avenue SW, Federal Way, WA 98023. Ideal for investors and developers seeking a high-yield, long-term income-producing asset. Seller is open to creative financing structures, offering additional flexibility to maximize returns.

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Commercial Active

Price

$ 1,500,000

Property Type

Commercial

Taxes

$ 0

Style

Industrial

Town/City

Federal Way

County/Region

King

MLS | Web ID

2473331
Features
General
Living Area 0
Sewer Sewer Connected
Possession Closing Negotiable
HOA Fee 0
Topography Level
Property Subtype Commercial Industrial
County King
Property Type Commercial Sale
HOA N
Subdivision Name Federal Way
Special Listing Conditions None
Status Active
Directions From I5 take the 142B from WA-18 W towards S 348th St. Turn R onto Wa-18W. Continue onto S 348th St. Turn L onto 1st Ave S. Turn right onto SW 356th St. Turn right onto 21st Ave Sw.
City Federal Way
Senior Community Y/N N
Number Of Units Total 0
MLS Area 110 - Dash Point/Federal Way
Lot Size Units Square Feet
Lot Size Square Feet 0
Carport Y/N N
Listing Terms Cash Out Conventional Owner Financing
Public Remarks Exceptional value-add development opportunity in a high-demand Federal Way corridor. Spanning 3.23 acres and zoned BN (Business Neighborhood) this site supports a wide range of revenue-generating use
Structure Type Industrial
Building Area Units Square Feet
Standard Status Active
Property Style 70 - Industrial
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Interior
Total Fireplaces 0
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Exterior
Water Source Public
Total Parking 0
Building Area Total 0
Lot Dimensions 140706
Lot Size Acres 0
Irrigation Water Rights Y/N N
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Internal Only
OriginalMLSID NWM2473331
Street Number 1 35415
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* Excluded Features
List By
Alexandar Hong

Listing Agent

Compass

Broker

Affordability Calculator

$9,236
Per Month
100%
0%
0%
Monthly Principal & Interest
$9,236
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
See complete school information
Pricing History
DatePricePrice ChangeDescription
1/29/2026$1,500,000 Listed Price

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35415 SW 21st Ave, Federal Way, WA, 98023 is a Commercial Property for sale at $1,500,000. The property's zip code is 98023 which is in Federal Way, WA

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