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Listed by Tammie Tom-Freeman • Ethos Northwest Realty.
FOR SALE

$4,500,000

Est. $24,926/mo

34413 Pacific Highway S, Federal Way, WA 98003

• Listed Oct 15, 2026•3 days active · 3 cumulative

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★★★★★5.0·1,242 Google reviews

Listing Broker: Ethos Northwest Realty; Tammie Tom-Freeman; 425-835-2304; tammie@ethosNWrealty.com

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Listing Broker: Ethos Northwest Realty; Tammie Tom-Freeman; 425-835-2304; tammie@ethosNWrealty.com

About this home

Prime Commercial Vacant Land in Federal Way — Permit Ready! Don’t miss this exceptional development opportunity in a high-traffic, highly visible location along Pacific Hwy S. This expansive, nearly 2.5-acre corner parcel is zoned Commercial Enterprise (CE) and is positioned for a significant hotel and retail development. Approved permits and comprehensive architectural plans are available, providing a streamlined path toward construction and reducing the time and uncertainty typically associated with the development process. The approved plans call for an approximately 58,000 SF, four-story hotel featuring 90 units, along with more than 4,000SF of commercial retail space and 109 parking spaces. The flat, well-configured site offers excellent visibility and accessibility, while utilities are already installed on-site, adding significant value for a developer or investor. With its prominent location, commercial zoning, existing infrastructure, approved plans, and substantial development potential, this property presents a rare opportunity to bring a large-scale hospitality and retail project to market in adynamic Federal Way corridor. The site may also offer flexibility for other permitted commercial uses, making it an attractive option for a variety of investment and development . A unique opportunity for developers, investors, and hospitality operators seeking a permit-ready commercial property with substantial upside. Contact LA with questions

Property type
Single Family
Year built
Not listed
Interior
Not listed
Lot size
2.4351 acres
Parking
None
Price / sq ft
Not listed
Property taxes$40,121/yr (est.)
School districtFederal Way

Listed by Tammie Tom-Freeman • Ethos Northwest Realty

Listing updated: October 16, 2026 at 04:56pm

RexMont checked: moments ago

Source: NWMLS as Distributed by MLS Grid #2594095

Around this home

RexMont OfferEdge™

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34413 Pacific Highway S, Federal Way, WA 98003

List price
$4,500,000
Down payment
$900,000

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Source:RexMont analysis of Northwest MLS sales data for this ZIP code plus third-party market data (RentCast). The estimates are RexMont's, not Northwest MLS listing data.

Estimates only and not guaranteed. Consult a RexMont agent for accurate, personalized guidance before making an offer. RexMont OfferEdge™ · © 2026 RexMont Real Estate. Proprietary tool.

Property details

Layout

  • Comm/Industrial

Schools

Ratings via SchoolDigger

Schools shown are the nearest public Elementary, Middle, and High school for this property and may not be the assigned schools. Verify attendance boundaries with the district before purchasing.

Vacant land facts

As entered by the listing broker on Northwest MLS

Lot

Acres
2.44 acres
Lot square feet
106,072 sq ft
Topography
Level
Lot details
Corner Lot, Open Space, Paved, Sidewalk

Zoning & use

Zoning code
CE
Zoning description
Business,Multi-Family,Retail,See Remarks
Zoning jurisdiction
City
Possible use
Business, Multi-Family, Retail, See Remarks
Easements
See Preliminary Title Commitment

Utilities

Utilities
Electricity Available
Electricity
Available
Gas
Not Available
Water
Available
Water jurisdiction
City
Sewer
Available

Road & access

Road surface
Paved
Road information
Paved
Road on which side
North and East

Surveys & reports

Survey
Available
Sketch submitted
Yes

Water & irrigation

Waterfront
No
Irrigation water rights
No

Taxes & assessment

Annual taxes
$40,121
Tax year
2026
Senior exemption
No
Financing
Cash, Conventional
Seller disclosure
Provided
Preliminary title ordered
Yes

Neighborhood mobility

Doorstep, Pedal & Station Scores

Three RexMont scores for this exact address: what is on foot, what is by bike, and what rides past the door.

Ground Truth™

The ground, the slope, the flood zone and the noise at this address

Read from public hazard, flood, terrain and noise maps for this exact home.

Address Insider™

The members' report

Commute, transit, zoning and ADU potential, internet providers and the lifestyle around the home: the nearest grocery, coffee, park, services and transit stop. One free registration opens every home on rexmont.com.

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Sales & Tax Records for 34413 Pacific Highway S

NWMLS via MLS Grid · King County Assessor

Every listing, pending, price change and closing filed on this home with the NWMLS, the county’s recorded sales, and its assessed values by tax year.

  1. Oct 15, 2026
    Listed
    NWMLS via MLS Grid · #2594095
    $4,500,000
  2. Oct 15, 2026
    Listed
    NWMLS via MLS Grid · #2594964
    $4,500,000
  3. Sep 26, 2016
    Recorded sale
    King County recorder · Statutory warranty deed
    $1,700,000
  4. Nov 10, 2006
    Recorded sale
    King County recorder · Quit claim deed
    $1,530,000
  5. Aug 2, 2004
    Recorded sale
    King County recorder · Quit claim deed
    $36,200
  6. Jul 20, 2004
    Recorded sale
    King County recorder · Statutory warranty deed
    $536,250

Mortgage payment forecast

$29,394 per month

Great rate
Principal and interest
Property taxes
HOA dues
Home insurance

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Plan your offer with a RexMont buyer specialistWalk through escalation strategy, contingencies, and competing-offer risk in this neighborhoodCompare loan options30-yr fixed, 15-yr, FHA, VA, jumbo

Source: RexMont estimate, not Northwest MLS listing data. Interest rates from Freddie Mac's Primary Mortgage Market Survey via FRED (Federal Reserve Bank of St. Louis). Property tax and HOA dues from the NWMLS listing where provided, otherwise estimated; insurance estimated at 0.3% of price per year.

Estimate only. Actual payment depends on credit, lender, and program. PMI not included for down payments below 20%.

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Listing Broker: Ethos Northwest Realty; Tammie Tom-Freeman; 425-835-2304; tammie@ethosNWrealty.com

Market pulse

Federal Way is a balanced market.

Supply and demand are roughly in balance. Neither side has a clear edge.

Buyer's marketSeller's market

  • Offer insight: Homes typically sell with one offer near asking price.

  • List to sale price: The average home sells very close to list price.

  • Time on market: The average home goes pending in around 69 days.

Recent sales nearby

Within 1 mile · last 6 months

  • $525,000 Sold

    4 weeks ago

    4 bd•3 ba•~2,160 sq ft•Single Family

    2322 S 357th Street, Federal Way, WA 98003

    5%

    Under list

    48

    Days on market

    1.0 mi

    Distance

  • $825,000 Sold

    3 months ago

    •Single Family

    34027 1st Place S, Federal Way, WA 98003

    2%

    Under list

    133

    Days on market

    0.9 mi

    Distance

Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.

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Market data from MLS GRID / NWMLS · Updated Oct 2026

Information and statistics derived from Northwest Multiple Listing Service. Source: Northwest Multiple Listing Service, as distributed by MLS GRID.

MLS GRID Disclaimer

Based on information submitted to the MLS GRID as of October 18, 2026 at 11:04 AM PT (date and time MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Listing information courtesy of Northwest Multiple Listing Service (NWMLS). The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than RexMont Real Estate are marked with the “Listing courtesy of NWMLS” designation. Information provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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© 2026 Northwest Multiple Listing Service. All rights reserved.

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