Date
Details
Price
Change
Source
1/29/2026
Listed
$1,500,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/22
$1,500,000 Sale Pending
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1/22
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.
Full Property Details
Full Property Details for 35415 SW 21st Ave
General
- Price: $1,500,000
- Status: Pending
- Type: Industrial
- Source: NWMLS
- MLS ID: 2473331
- Updated: 2/12/2026
- Added to Site: 65 day(s) ago
Location
- Area: 110 - Dash Point/Federal Way
- County: King
- Subdivision: Federal Way
- Driving 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.
Utilities
- Sewer: Sewer Connected
- Water: Public
Structural Information
- Structure Type: Industrial
Lot Features
- Lot Dimensions: 140706
- Topography: Level
Financial Considerations
- Terms: Cash, Conventional, Owner Will Carry
Disclosures and Reports
- Special Conditions: None
- Property ID: 2521039037
Listed by Alexandar Hong | Compass | (253) 987-1778
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NMLS#: 1598647
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Schools
Schools serving 35415 SW 21st Ave
School District:Federal Way School District
| Name | Grades | Distance |
|---|---|---|
Enterprise Elementary School, Federal Way, WA 35101 5th Avenue Southwest, Federal Way, WA 98023 | K-5 | 1 mi |
Illahee Middle School 36001 1st Avenue South, Federal Way, WA 98003 | 6-8 | 1.2 mi |
Todd Beamer High School 35999 16th Avenue South, Federal Way, WA 98003 | 9-12 | 2.1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 35415 SW 21st Ave
Estimate the Cost
Estimate the Cost for 35415 SW 21st Ave
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- Single Family
- Active
- Updated 2 days ago
- 3Beds
- 2Total Baths
- 1,750Sq. Ft.
Listed by Peter Bradrick | Keller Williams West Sound
- Single Family
- Active
- Updated 18 minutes ago
- 4Beds
- 2Total Baths
- 1,280Sq. Ft.
Listed by Jashan Singh | Kelly Right RE of Seattle LLC
- Condo
- Active
- Updated 1 day ago
- 3Beds
- 2Total Baths
- 1,323Sq. Ft.
Listed by Felicia Mackey | Berkshire Hathaway HS NW
- Single Family
- Active
- Updated 12 hours ago
- 4Beds
- 3Total Baths
- 2,246Sq. Ft.
Listed by Richard Smith | Better Properties UP/Fircrest
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- Single Family
- Active
- Updated 4 days ago
- 4Beds
- 3Total Baths
- 2,665Sq. Ft.
Listed by LaMaine Davis | Richmond Realty of Washington
- Single Family
- Active
- Updated 4 days ago
- 3Beds
- 2Total Baths
- 1,360Sq. Ft.
Listed by Sherry Bloomstrom | Renaissance Real Estate LLC
- Multi-Family
- Active
- Updated 3 days ago
Listed by Taylor Wyman | Northmarq Multifamily, LLC
- Single Family
- Active
- Updated 3 days ago
- 4Beds
- 3Total Baths
- 2,701Sq. Ft.
Listed by Royal Omolade | Real Experts Realty
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- Single Family
- Closed
- 4Beds
- 4Total Baths
- 5,540Sq. Ft.
Listed by Scott Huber | Rain Town Realty + JPAR and Eduard Raiter | Rain Town Realty + JPAR
Sold by Lesly Ramos | Every Door Real Estate
Sold by Lesly Ramos | Every Door Real Estate
- Single Family
- Closed
- 3Beds
- 3Total Baths
- 2,850Sq. Ft.
Listed by Gini Anderson | Bcr Llc
Sold by Josiah Toole | Icon Group
Sold by Josiah Toole | Icon Group
![[Address not provided], Federal Way, WA 98023 - Photo 1](https://m.cbhomes.com/p/278/2444837/34BD9982102D45e/s23cc.webp)
- Single Family
- Closed
- 9Beds
- 5Total Baths
- 3,780Sq. Ft.
Listed by Zora Brzac | HomeSmart Real Estate Assoc and Andreea S. Mogovan | HomeSmart Real Estate Assoc
Sold by Nicolae Leva | 206 Realty Llc
Sold by Nicolae Leva | 206 Realty Llc
- Single Family
- Closed
- Updated 13 hours ago
- 4Beds
- 4Total Baths
- 3,510Sq. Ft.
Listed by PJ McGuire
Sold by Chelsea Halverson | Compass
Sold by Chelsea Halverson | Compass
35415 SW 21st Ave, Federal Way, WA 98023 (MLS# 2473331) is a Industrial property. 35415 SW 21st Ave is currently listed for $1,500,000 and was received on January 29, 2026. Want to learn more about 35415 SW 21st Ave? Do you have questions about finding other Industrial real estate for sale in Federal Way? You can browse all Federal Way real estate or contact a Coldwell Banker agent to request more information.