35415 Sw 21st Ave, Federal Way, Washington 98023

WA, Federal Way
$1,500,000
  • Commercial Sale Property Type
  • Active Status
Property Description

Exceptional value-add development opportunity in a high-demand Federal Way corridor. Spanning 3.23 acres and zoned BN (Business Neighborhood), this site supports a wide range of revenue-generating uses. Tons of feasibility done for a strip mall, restaurant concepts, coffee shop, and office buildings—significantly reducing timeline and entitlement risk. Included in the sale are parcels located at 35415, 35409, 35104, and 35305 21st Avenue SW, Federal Way, WA 98023. Ideal for investors and developers seeking a high-yield, long-term income-producing asset. Seller is open to creative financing structures, offering additional flexibility to maximize returns.

Source: NWMLS
Basic Details
  • Property Type: Commercial Sale
  • Listing Type: For Sale
  • Listing ID: 2473331
  • Price: $1,500,000
  • Status: Active
  • Office Name: COMPASS
  • Agent Name: Alexandar Hong
  • Property Sub Type: Commercial Industrial
Features
  • Sewer Sewer Connected
Address Map
  • Country US
  • State WA
  • County King
  • City Federal Way
  • Zipcode 98023
  • Street: 21st Ave
  • Street Number: 35415
  • Longitude: W123° 38' 17''
  • Latitude: N47° 17' 3.8''
  • Directions: From I5 take the 142B from WA-18 W towards S 348th St. Turn R onto Wa-18W. Continue onto S 348th St. Turn L onto 1st Ave S. Turn right onto SW 356th St. Turn right onto 21st Ave Sw.
  • Mls Area Major: 110 - Dash Point/Federal Way
  • Street Dir Prefix: SW
Additional Information
  • Lot Size Dimensions: 140706
  • Water Source: Public
  • On Market Date: 2026-01-29
Listing Information
  • List Agent Mls Id: 113471
  • List Office Mls Id: 6652
  • Listing Term: Cash,Conventional,Owner Will Carry
  • Mls Status: Active
  • Modification Timestamp: 2026-04-29T01:44:11Z
  • Originating System Name: NWMLS
  • Special Listing Conditions: None
  • Status Change Timestamp: 2026-04-29T01:41:32Z
Rene  Orona
Rene Orona SKYLINE PROPERTIES, INC.
  • +1-425-891-8162
  • rene@brokerofrealestate.com
  • 50 116TH AVE SE STE 120 Bellevue, WA 98004, United States
  • +1-425-732-9211

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