Development Opportunity

Centralized location along Hwy-99 with excellent freeway access to I-5 offering convenient access to Seattle, Bellevue, Tacoma and SeaTac airport, and direct access to Auburn, Renton and Kent via Hwy-18. Signalized T-intersection location with high exposure to approx. 45,000 VPD Proximity to exiting amenities in the immediate area as well as new developments: - mixed-use project featuring 395 apartments and 23,000 sf of retail (currently in permitting) - Sound Transit new $1.4 Billion light-rail Operations and Maintenance Facility on a 59-acre site: planned opening date 2029 - Federal Way’s new light-rail station: scheduled date 2024. This extension is anticipated to increase the overall commercial traffic providing more demand to local businesses. - Smith Brothers Farms’ new 40,000-sf warehouse (and office) for storage and distribution. - The Commons Shopping Mall expansion: three new “pad” sites with free-standing buildings, totaling 16,000 sf to serve new businesses and restaurants tenants. For information on the light-rail system expansion project: https://www.soundtransit.org/system-expansion Zoning Description: The property is zoned CE (Commercial Enterprise), below is a sample list of permitted uses within this zoning code: Retail Office Breweries, distilleries, wineries Business, vocational, trade schools Day care facilities Animal kennels Group homes Hotels Manufacturing and production Warehouse – Distribution Storage facilities Truck stops Vehicle Rental and Storage Tow and taxi lots Emergency housing and shelters Permanent supportive housing and transitional housing Government facilities Complete zoning code: https://www.codepublishing.com/WA/FederalWay/#!/FederalWay19/FederalWay19240.html High Growth Submarket: South King County 18.61% population growth over the past decade. 200,000+ residents with average annual household incomes of $88,000+ within a 5-mile radius. Federal Way is the 5th largest city in King County and benefits from the State Opportunity Zone status.eXp Commercial is pleased to present an exclusive opportunity to acquire the 35109 Pacific Hwy S Development site in Federal Way in King County. This commercial development site is strategically located along the west side of Pacific Highway S (Hwy-99) and S 352nd cross street, surrounded with abundant amenities. The trapezoid parcel totals approximately 1.43 acres of CE (Commercial Enterprise) zoning; allowing future ownership incredible development potential and flexibility. The main building constructed in 1980 and upgraded in 2015 contains 2,400 sf. It is currently owner-occupied (restaurant) and would provide the potential developer with short term cash flow during the entitlement period. Address: 35109 Pacific Hwy S, Federal Way, WA 98003 Tax parcel # 2021049047 Land area: 62,408 sf (~1.43 ac.) Building size: 2,400 sf Year built/upgraded: 1980/2015 Zoning: CE (Commercial Enterprise) Jurisdiction: City of Federal Way Occupancy: 100% Owner-occupied Tenant providing short term cashflow during the entitlement period Sale type: Developer or Owner-User Price: Negotiable