Listing provided courtesy of City Closers Real EstateNWMLSas Distributed by MLSGrid- MLS# NWM2513240
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37405 Pacific Highway SFederal Way, WA 98003
Vacant Land · 8.00 Acres$2,700,000
Pending
37405 Pacific Highway S Overview
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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.
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37405 Pacific Highway S Facts & Features
- Type Vacant Land
- Lot 8.00 Acres
Details
General
Association/HOA
- Association Fee: $0.00
School Information
- School District: Federal Way
- Elementary School: Enterprise Elem
- Middle Or Junior School: Illahee Jnr High
- High School: Todd Beamer High
Location/Region
- Country: US
- County Or Parish: King
- MLS Area Major: 110 - Dash Point/Federal Way
- Subdivision Name: S Federal Way
General Information
- Listing Terms: Cash, Conventional
- Parcel Number: 218820420501
- Possible Use: Residential
- Property Sub Type: Land
- Property Type: Land
- Senior Community: No
- Special Listing Conditions: None
Interior
Beds/Baths
- Bedrooms Upper: 0
Building Interior
- Building Area Total: 0
- Building Area Units: Square Feet
- Calculated Square Footage: 0
- Square Footage Finished: 0
- Square Footage Unfinished: 0
General Information
- Cooling: No
- Fireplace: No
- Fireplaces Total: 0
- Heating: No
- Living Area: 0
- Main Level Bathrooms: 0
Exterior
Lot Information
- Irrigation Water Rights: No
- Lot Features: Corner Lot, Paved
- Lot Size Acres: 8
- Lot Size Square Feet: 348480
- Lot Size Units: Square Feet
- Property Features: Partially Cleared
- Road Responsibility: County
- Road Surface Type: Paved
- Topography: Level, Sloped
- Elevation Units: Feet
- Water Source: Available, On Property
Waterfront/View
- Waterfront: No
Building Exterior/Construction
- Structure Type: None
General Information
- Carport: No
- Electric On Property: Yes
- Sewer: In Street
- Utilities: Electricity Connected, Septic Design Installed
37405 Pacific Highway S Neighborhood
Community
98003 (Federal Way) Demographics
35
Median Age
4,212
Population Density (per sq. mile)
37%
College Educated
$59,560
Estimated Median Income
8,722
Estimated Total Home Owners
9,793
Estimated Total Renters
47% / 53%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.37405 Pacific Highway S Monthly Cost
37405 Pacific Highway S Market Data
Based on the last 30 days in this zip code
$505,390
Average List Price
$301
Average Price per Square Foot
39
Properties Sold
83
Average Days on Market
166
Properties for Sale
37405 Pacific Highway S History
| Date | Value | Agent |
|---|---|---|
| 6/11/2026Source: NWMLS | Pending |
|
| 5/7/2026Source: NWMLS | May 07, 2026 |
|
| 6/20/2022Source: NWMLS | January 25, 2022 |
|
| 3/17/2022Source: NWMLS | Sold |
|
| 1/26/2022Source: NWMLS | Pending |