1515 S 344th St
Federal Way WA 98003

1515 S 344th Street

1515 S 344th St Federal Way WA 98003

Listing #: 709007 | Status: Pending | Last Modified: 3/24/2026 |

For Sale
Kyle Sterling
  • Phone:(425) 586-5608
  • Email:ksterling@nai-psp.com
  • Office Name:NAI Puget Sound Properties
  • Office Phone:(253) 383-3100
  • Office Website:
Sam Johnson
Showing Instructions
  • Call Listing AgentNo
  • Use DiscretionNo
Price Information
  • Listing Price$ 2,450,000.0
  • $/SF$ 239.3
  • Listing StatusPending
  • Days on Market68
  • Asset ClassRetail
  • Terms
Investment Information
  • Investment Type
  • Investment PropYes
  • Gross Income0
  • Vacancy Factor %0.00%
  • Operating Expenses0
  • Net Operating Income0
  • CAP Rate 6.20 %
Detail Listing Information
  • Min Total SF0
  • Max Total SF0
  • Lease Rate Low$ 00.0
  • Lease Rate High$ 00.0
  • Heat Source
  • Total Units
Utilities
  • Water
  • Electricity
  • Storm Sewer
Retail Information
  • SignageSignage on Building and Freestanding
  • Anchor
Retail Asset Class Info
  • Crane Count
  • Crane Tonnage0
  • Clearance Height Min
  • Clearance Height Max
  • Bay Depth
  • Second Road Front
  • Grade Level Door Count
  • Tennant Improvement Allowance
Associated Files
Building Information
  • Building StatusExisting
  • # of Buildings1
  • # of Floors2
  • # of Units
  • # of Elevators
  • Clearance Height Min
  • Clearance Height Max
  • Bay Depth
  • Total Building SF10240
  • Net Rentable Area10240
  • Total Office SF
  • Largest Contiguous SF
  • Lot SF23772
  • Acres0.55
Property Type
  • Property TypeRetail
  • Office Type
  • Building Class
Location
  • CountyKing
  • Vicinity
  • Location Description
  • Second Address
  • Cross Street
  • Market AreaFederal Way
  • Tax ID #8897000030
  • Additional Parcels
  • ZoningCE
Construction
  • Year Built1977
  • Year Renovated
  • Completion Date
  • Roof Type
  • Construction Type

Public Comments

Single-Tenant Investment Leased to Eagle Tire & Automotive Irreplaceable Corner Location Across from a Walmart Anchored Center Triple-Net Lease with Landlord Only Responsible for Roof/Structure Tenants Pays All Expenses Direct – Including Taxes and Insurance Low Current Rental Rate of $14.82/sf, with Market Rents of ~$18/sf Three (3) Years Remaining on Lease with Two 5-Year Options at FMV Tenant is a Regional Operator with Three Locations and a ~40 Year History Building Size: 10,240 SF Lot Size: 29,471 SF Cap Rate: 6.20% Price: $2,450,000

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