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35522 21st Ave SW

4,780 SF 49% Leased Retail Building Federal Way, WA 98023 $1,950,000 ($408/SF)

Executive Summary

Located in the Northshore area of Federal Way, the property is ideally situated at the busy intersection of 356 & 21st Ave with high traffic count.
• Can accommodate a variety of uses including: retail, restaurants, medical office, and more.
• Vacant space is approximately 51% of the total building and an owner-user may qualify for an SBA financing.
• Two existing tenants provide income to new owner.

Taxes & Operating Expenses (Actual - 2024) Click Here to Access

Annual Annual Per SF
Taxes - -
Operating Expenses - -

Taxes & Operating Expenses (Actual - 2024) Click Here to Access

Taxes
Annual -
Annual Per SF -
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $99,999
Annual Per SF $9.99

Property Facts

Sale Type
Owner User
Property Type
Retail
Building Size
4,780 SF
Year Built
2008
Price
$1,950,000
Price Per SF
$408
Percent Leased
49%
Building Height
1 Story
Building FAR
0.22
Lot Size
0.50 AC
Zoning
BN-Neighborhood Business
Frontage
195 FT on 21st Avenue Southwest

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • B
  • 2,448 SF
  • Retail
  • -
  • Now

Located in the Northshore area of Federal Way, the property is ideally situated at a busy intersection of 356 & 21st Ave with high traffic count. Can accommodate variety of uses including: retail, restaurants, medical office, etc. Corner space with abundant natural light. Dense population with 10,000+ people within 1-mile radius.

Space Size Space Use Position Available
B 2,448 SF Retail - Now

B

Size
2,448 SF
Space Use
Retail
Position
-
Available
Now

B

Size 2,448 SF
Space Use Retail
Position -
Available Now

Located in the Northshore area of Federal Way, the property is ideally situated at a busy intersection of 356 & 21st Ave with high traffic count. Can accommodate variety of uses including: retail, restaurants, medical office, etc. Corner space with abundant natural light. Dense population with 10,000+ people within 1-mile radius.

Nearby Major Retailers

Grocery Outlet
Starbucks
Quality Food Centers

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
252103-9050
Land Assessment
$439,800 (2023)
Improvements Assessment
$1,640,800 (2023)
Total Assessment
$2,080,600 (2023)
  • Listing ID: 28471387

  • Date on Market: 5/12/2023

  • Last Updated:

  • Address: 35522 21st Ave SW, Federal Way, WA 98023

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