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Fortune Building - 1707 Building
1707 S 341st Place Federal Way WA 98003
Listing #: 711122 | Status: Available | Last Modified: 4/15/2026
| Showing Instructions | |
|---|---|
| Call Listing Agent | No |
| Use Discretion | No |
| Investment Information | |
|---|---|
| Investment Prop | Yes |
| Gross Income | 0 |
| Vacancy Factor % | 0.00% |
| Operating Expenses | 0 |
| Net Operating Income | 0 |
| CAP Rate | 6.54 % |
| Detail Listing Information | |
|---|---|
| Min Total SF | 0 SF |
| Max Total SF | 0 SF |
| Lease Rate Low | $ 0.00 |
| Lease Rate High | $ 0.00 |
| Retail Information | |
|---|---|
| Signage | Signage on Building and Freestanding |
| Retail Asset Class Info | |
|---|---|
| Crane Tonnage | 0 |
| Building Information | |
|---|---|
| Building Status | Existing |
| # of Buildings | 1 |
| # of Floors | 1 |
| # of Elevators | 0 |
| A/C | Yes |
| Clearance Height Min | 0 |
| Total Building SF | 13,220 SF |
| Net Rentable Area | 13,220 SF |
| Total Office SF | 13,220 SF |
| Largest Contiguous SF | 0 SF |
| Lot SF | 54,886 SF |
| Acres | 1.26 |
| Year Built | 1980 |
| Year Renovated | 2000 |
| Construction Type | Masonry |
| Property Type | |
|---|---|
| Property Type | Office |
| Office Type | Other |
| Investment | Yes |
| Building Class | C |
| Location | |
|---|---|
| County | King |
| Cross Street | 18th Pl S |
| Market Area | Federal Way |
| Tax ID # | 3903800020 |
| Zoning | CE |
| Parking Information | |
|---|---|
| #Covered Spaces | 0 |
| # Uncovered Spaces | 55 |
| Total Parking Spots | 55 |
| Parking Ratio | 5 |
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)
Fortune Building - 1707 Building
1707 S 341st Place Federal Way WA 98003
Listing #: 711122 | Status: Available | Listing Date: 4/7/2026 | Last Modified: 4/15/2026 | Email Listing
For Sale
Fortune Building - 1707 Building
