1707 S 341st Place
Federal Way WA 98003
Fortune Building - 1707 Building
1707 S 341st Place Federal Way WA 98003
Listing #: 711122 | Status: Available | Last Modified: 4/15/2026 |
For Sale
- Phone:(425) 586-5608
- Email:ksterling@nai-psp.com
- Office Name:NAI Puget Sound Properties
- Office Phone:(253) 383-3100
- Office Website:
- Agent Phone:(253) 203-1320
- Agent Email:kschipper@nai-psp.com
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 2,900,000.0
- $/SF$ 219.4
- Listing StatusAvailable
- Days on Market26
- Asset ClassRetail, Office
- Terms
- Investment Type
- Investment PropYes
- Gross Income0
- Vacancy Factor %0.00%
- Operating Expenses0
- Net Operating Income0
- CAP Rate 6.54 %
- Min Total SF0
- Max Total SF0
- Lease Rate Low$ 00.0
- Lease Rate High$ 00.0
- Heat Source
- Total Units
- Water
- Electricity
- Storm Sewer
- SignageSignage on Building and Freestanding
- Anchor
- Crane Count
- Crane Tonnage0
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Second Road Front
- Grade Level Door Count
- Tennant Improvement Allowance
- Building StatusExisting
- # of Buildings1
- # of Floors1
- # of Units
- # of Elevators0
- A/CYes
- Clearance Height Min0
- Clearance Height Max
- Bay Depth
- Total Building SF13220
- Net Rentable Area13220
- Total Office SF13220
- Largest Contiguous SF
- Lot SF54886
- Acres1.26
- Property TypeOffice
- Office TypeOther
- InvestmentYes
- Building ClassC
- CountyKing
- Vicinity
- Location Description
- Second Address
- Cross Street18th Pl S
- Market AreaFederal Way
- Tax ID #3903800020
- Additional Parcels
- ZoningCE
- # Covered Spaces0
- # Uncovered Spaces55
- Total Parking Spots55
- Parking Ratio5
- Year Built1980
- Year Renovated2000
- Completion Date
- Roof Type
- Construction TypeMasonry
Fortune Building
Fully Stabilized Office/Flex Park in Federal Way 13,220 SF Building on 1.26 AC Lot Currently Leased to 6 Tenants on NNN Leases Current Rents of $14/sf are 20%+ Below Market Small, Easy-to-Lease Units Significant Recent Capital Improvements, Including Roof + HVAC Prime Location Just North of a Walmart Supercenter & Federal Way Crossings Current Cap Rate: 6.54% Price: $2,900,000 ($220/sf)
