Property Details
22659 Pacific Hwy S
Des Moines, WA 98198
$2,395,000
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Property Overview
This rare infill asset consists of a 1998 construction 11,514 sq ft highway fronting office building together with a single-family residence and duplex on the same parcel, delivering diversified income streams in a high-visibility corridor. The property also sits on a large 29,959 SF lot zoned PR-C (Pacific Ridge Commercial) offering unique redevelopment opportunities.
Property Details
Property Information
Property Type
Commercial Sale
Subtype
Commercial Industrial
Status
Active
County
King
Neighborhood
Des Moines
Listed
May 27, 2026
Structure Type
Office
Parcel Number
2500600050
Tax & HOA
Annual Property Tax
$29,688
Est. Monthly Tax
$2,474/mo
Financial Summary
Cap Rate
6.00%
Net Operating Income
$143,671
Gross Scheduled Income
$230,878
Gross Rent Multiplier
10.37
Total Expenses
$75,663
Vacancy Rate
5.0%
Building & Use
Building Sq Ft
11,514
Total Units
3
Zoning
Office,Residential
Possible Use
Office, Residential
Lot Size
29,961 sqft
Year Built
1998
Exterior & Lot
Lot Size
0.69 sqft
Year Built
1998
Sewer
Sewer Connected
Community & Access
Directions
From I-5, take the S 216th St / WA-99 exit toward Des Moines toward Pacific Hwy S, Turn onto Pacific Hwy S, The property at 22659–22669 Pacific Hwy S, Des Moines, WA 98198 will be on the right side.
Location
City
Des Moines
County
King
Coordinates
47.39739, -122.29662
Additional Information
Annual Taxes
$29,688
Possession
Array
Based on information submitted to the MLS GRID as of June 1, 2026 11:14 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
