For Lease
$42/SF/YR

348th 1St AveFederal Way, WA 98003

Prime Medical Office Space Available

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 17,954 square foot mixed-use property, located at the intersection of S 348th St and 1st Avenue S in Federal Way, WA 98003, presents a unique investment opportunity. The property consists of ten buildings and offers a total of 17,954 square feet, with 3,090 square feet currently vacant and available for lease. The building is categorized as retail and office space, specifically designated as a medical office, outparcel/pad, and mixed-use development. Its strategic location offers high visibility and accessibility, situated directly adjacent to St. Francis Hospital and its West Campus offices. The property benefits from its proximity to the I-5 and SR-18 interchange, ensuring convenient access for patients and staff. Furthermore, the development sits in front of approximately 260 new apartments, providing a built-in customer base. High traffic volume is guaranteed with an average daily count of 32,345 vehicles on S 348th Street. This property is ideal for medical practices seeking a high-traffic, easily accessible location within a thriving community. The multiple tenancy structure allows for flexibility and potential for diverse revenue streams. King County location provides access to a large and growing population base. Don't miss this chance to secure a prime medical office space in a rapidly developing area.

Highlights

  • 17,954 SF mixed-use property in Federal Way, WA, at S 348th St & 1st Ave S.
  • Ten buildings totaling 17,954 SF, with 3,090 SF currently vacant.
  • Retail and office space, including medical office, outparcel/pad, and mixed-use components.
  • High-visibility location adjacent to St. Francis Hospital and I-5/SR-18 interchange.
  • Strong customer base from nearby 260 new apartments and 32,345 daily vehicles on S 348th St.

Property Details for 348th 1St Ave

Property type
Retail properties, Office properties
RSF (Rentable sq. ft)
17,954 SF
Buildings
10

Unit(s) available at that property

Space
Suite 3
Size
3,090 SF
Rate per SF
$42

Location Insight

City
Federal Way
County
King
State
Washington
Latitude
47.3202869
Longitude
-122.3333472
348th 1St Ave, Federal Way, Washington

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Contacts

Josh Parnell
Josh Parnell
Justin Holmes
Justin Holmes
Visit Broker Website

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348th 1St Ave, Federal Way, Washington, 98003

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

348th 1St Ave
  • Josh Parnell
    Josh Parnell
  • Justin Holmes
    Justin Holmes
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