Map of Property

Heritage Bank Site

For Lease

32303 Pacific Hwy S, Federal Way, WA 98003

You can currently find 1 retail space(s) available for lease at Heritage Bank Site. Designated use type for space listed here includes retail.

Space Available For Lease 1

Contacts

Kyle Sterling

NAI Puget Sound Properties

Property Details

  • Property Type Retail - Freestanding
  • Property Size 8,360 SF
  • Units 1
  • Lot Size 0.86 Acre
  • Building Class C
  • Year Built 1979
  • Date Updated Sep 21, 2026
The property is located directly across from The Commons at Federal Way, a major regional shopping destination anchored by Target, Kohl’s, Burlington and Century Theatres. The surrounding concentration of national retailers, restaurants and entertainment uses generates consistent consumer activity. Nearby South 320th Street carries approximately 40,000 vehicles per day, providing strong exposure and convenient customer access. The property is minutes from I-5, SR 18 and the Federal Way Downtown Link light-rail station.The property offers two potential leasing opportunities: a long-term ground lease for the redevelopment of the site by a fast-food restaurant, drive-through concept, or other user; or a NNN lease of the existing approximately 8,360-square-foot former bank building. The existing improvements include drive-thru facilities and may accommodate a variety of retail, financial, medical, professional-service, or restaurant concepts.
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Reach out to the broker for more info on lease terms and amenities

Highlights

  • 8,360 SF Building on 37,384 SF Lot
  • Approximately 41 Striped Parking Stalls with Excellent Visibility and Access
  • Current Leased by Heritage Bank - Available August 1, 2027
  • Existing Drive-Thru Lanes and Service Window Infrastructure
  • Flexible Opportunity for a NNN Lease of the Existing Building or a Long-Term Ground Lease
  • Near the Federal Way Link Light Rail Station
  • Rare Signalized Corner Location - Across from The Commons Shopping Center

Attachments

Getting around

  • 79/100

    Walk Score ®

  • 61/100

    Transit Score ®

  • 62/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Federal Way, WA
  • Zip Code 98003
  • Market Seattle

Points of Interest

  • Capital Aeroporter Airport Shuttle

    5.19 miles

  • Kent

    6.24 miles

  • S 4th

    7.00 miles

  • Old City Hall

    7.03 miles

  • Stadium District

    7.16 miles

  • Theater District

    7.18 miles

  • Convention Center/South 15th Street

    7.28 miles

  • Convention Center

    7.29 miles

  • Tacoma Dome

    7.34 miles

  • Tacoma

    7.35 miles

  • Blink

    0.13 miles

  • Tesla Supercharger

    0.20 miles

  • Arco

    0.21 miles

  • Safeway Fuel Station

    0.26 miles

  • 76

    0.52 miles

  • CFN

    0.53 miles

  • Chevron

    0.68 miles

  • Marathon

    1.18 miles

  • Electrify America

    1.45 miles

  • 7-Eleven

    2.11 miles

  • Federal Way Transit Center Parking

    0.57 miles

  • Journey Church Park & Ride

    0.58 miles

  • Federal Way/S 320th St Park & Ride

    0.59 miles

  • St. Luke's Lutheran Church Park & Ride

    0.87 miles

  • Truck Parking

    1.55 miles

  • South Federal Way Park & Ride

    1.69 miles

  • Sunrise United Methodist Church

    2.17 miles

  • Twin Lakes Park & Ride

    2.47 miles

  • Peasley Canyon Park & Ride

    2.73 miles

  • Student Parking

    2.79 miles

  • L&L Hawaiian Barbecue

    0.02 miles

  • Domino's

    0.03 miles

  • Mika Japanese Buffet

    0.03 miles

  • Subway

    0.04 miles

  • May May Hong Kong BBQ

    0.05 miles

  • Black Bear Diner

    0.07 miles

  • Vince's Italian Restaurant & Pizzeria

    0.08 miles

  • Dick's Drive-In

    0.11 miles

  • Red Stone Tofu BBQ

    0.13 miles

  • Billy McHale's Restaurant

    0.13 miles

  • Ross

    0.09 miles

  • Amazon Fresh

    0.13 miles

  • Safeway

    0.20 miles

  • Save by the Day

    0.21 miles

  • The Commons At Federal Way

    0.28 miles

  • Trader Joe's

    0.34 miles

  • Kohl's

    0.35 miles

  • TJ Maxx

    0.39 miles

  • Target

    0.41 miles

  • Grocery Outlet

    0.41 miles

32303 Pacific Hwy S Listing Brief

  • A property’s location contributes to the asking rent almost as much as its characteristics do. For instance, central urban locations with high walkability or suburban locations with ample parking and easy access by car will claim higher rents but offer superior access to your customer base. Likewise, the quality of the building systems and property finishes have a significant impact on how businesses can conduct their activity there, as well as on the experience of their customers.

    The rent for retail space at 32303 Pacific Hwy S is available upon request. Feel free to reach out using the contact form conveniently included on this page to find out more about what the property can offer for your business.

  • The property includes 37,384 square feet of retail space for lease. Of this total, 37,384 square feet are Retail.

    For more information or to schedule a tour of the property, use the convenient contact form on this page to get in touch with a representative.

  • You should keep in mind that different areas gradually build a reputation as hotspots or desirable corridors for shopping, eating, or other entertainment and consumer activities. So, while renting retail space in an area with a well-established high-end reputation might mean more customers that are more willing to spend, it will also place you in a more competitive environment.

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