The Fortune Building

For Sale

1707 S 341st Pl, Federal Way, WA 98003

This Federal Way property for sale is located at 1707 S 341st Pl. The general use of The Fortune Building is office and it incorporates 13,220 square feet of class C office space. The current listed sale price for The Fortune Building is $2,900,000. The Fortune Building is situated on a lot that is 1.26 acre in size.

Contacts

Kyle Sterling

NAI Puget Sound Properties

Property Details

  • Property Type Office - General Office
  • Property Size 13,220 SF
  • Lot Size 1.26 Acre
  • Building Class C
  • Year Built 1980
  • Date Updated May 14, 2026
The property ideally located in a dense commercial area, adjacent to power retail centers such as Federal Way Crossings, Campus Square, and a Walmart Supercenter.NAI Puget Sound Properties is pleased to present for sale The Fortune Building, a fully leased office/flex investment property in Federal Way, WA. The property consists of a 13,200 SF building on a 54,901 SF lot.
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Highlights

  • 13,220 SF Building on 1.26 AC Lot
  • Current Cap Rate: 6.54%
  • Current Rents of $14/sf are 20%+ Below Market
  • Currently Leased to 6 Tenants on NNN Leases
  • Fully Stabilized Office/Flex Park in Federal Way
  • Price: $2,900,000 ($219/sf)
  • Prime Location Just North of a Walmart Supercenter & Federal Way Crossings
  • Significant Recent Capital Improvements, Including Roof + HVAC
  • Small, Easy-to-Lease Units

Attachments

Getting around

  • 54/100

    Walk Score ®

  • 32/100

    Transit Score ®

  • 37/100

    Bike Score ®

Powered by Walk Score ®

Location

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

Points of Interest

  • Capital Aeroporter Airport Shuttle

    4.16 miles

  • Old City Hall

    6.58 miles

  • S 4th

    6.58 miles

  • Theater District

    6.68 miles

  • Tacoma Dome

    6.68 miles

  • Tacoma

    6.69 miles

  • Convention Center/South 15th Street

    6.75 miles

  • Convention Center

    6.75 miles

  • Stadium District

    6.80 miles

  • Union Station/South 19th Street

    6.83 miles

  • Electrify America

    0.29 miles

  • Shell

    0.38 miles

  • Chevron

    0.47 miles

  • Costco Gasoline

    0.62 miles

  • 76

    0.66 miles

  • CFN

    0.66 miles

  • Arco

    0.99 miles

  • 7-Eleven

    1.01 miles

  • Blink

    1.28 miles

  • Tesla Supercharger

    1.36 miles

  • Truck Parking

    0.37 miles

  • South Federal Way Park & Ride

    0.70 miles

  • Federal Way/S 320th St Park & Ride

    1.26 miles

  • Sunrise United Methodist Church

    1.28 miles

  • Journey Church Park & Ride

    1.49 miles

  • Federal Way Transit Center Parking

    1.60 miles

  • St. Luke's Lutheran Church Park & Ride

    1.94 miles

  • BPA Trail Access

    2.22 miles

  • Twin Lakes Park & Ride

    2.25 miles

  • Peasley Canyon Park & Ride

    2.57 miles

  • Quality Inn & Suites

    0.34 miles

  • Red Lion Inn & Suites

    0.37 miles

  • Ridge Crest Motel

    0.39 miles

  • Stevenson Motel

    0.44 miles

  • Eastwind Motel

    0.55 miles

  • Days Inn

    0.56 miles

  • New Horizon Motel

    0.73 miles

  • Econo Lodge

    0.86 miles

  • Best Western Evergreen Inn

    1.37 miles

  • Courtyard

    1.53 miles

  • Euro Food & Deli

    0.21 miles

  • Walmart Supercenter

    0.23 miles

  • Grocery Outlet

    0.78 miles

  • WinCo Foods

    1.14 miles

  • Save by the Day

    1.20 miles

  • Kohl's

    1.23 miles

  • The Commons At Federal Way

    1.24 miles

  • Ross

    1.25 miles

  • Amazon Fresh

    1.25 miles

  • Target

    1.26 miles

Contact Listing Broker
Kyle Sterling

NAI Puget Sound Properties

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