Federal Way, WA Land for Sale

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20 properties

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Updated: Apr 13

Federal Way Land Opportunity

3600 S 320th St, Federal Way, WA 98001

$3,000,000

402,350 sqft 9.24 AC lot

Large land parcel
Located in Federal Way, Washington

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Updated: Mar 21

Flat Corner Commercial Land Lot

1111 Enchanted Pkwy S, Federal Way, WA 98003

$425,000

0.76 AC lot

Flat corner lot with partial clearing and marked setbacks
Hundreds of feet of street frontage on northbound SR 161 Enchanted Pkwy, next to I‑5
Approximately 33,000 SF of usable land for potential commercial and multifamily use
Traffic count reported at approximately 41,000 cars passing the parcel daily
Permitted or potential uses noted include gas stations, retail, apartments, condos, hotels, or a combination

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Wooded Land with Multiple Access Points

364xx 48th Ave S, Federal Way, WA 98001

$139,000

1 sqft

Vacant wooded land with access from 48th Ave South and 49th Ave South.

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See what stands out in King County

We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

We check every listing here. A few are worth a second look.

Cap Rate available after sign in

NOI available after sign in

Local Demand available after sign in

Four-Parcel Commercial Land

35415 21st Ave SW, Federal Way, WA 98023

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3.23 AC lot

Four parcels totaling 3.23 acres zoned Neighborhood Business (BN) for a range of commercial uses.

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Retail Storefront with Billboard

31140 Pacific Hwy S, Federal Way, WA 98003

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10,336 sqft 0.91 AC lot

Community Business zoning and supplemental income from a coffee stand and billboard accompany the existing commercial improvements.

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Industrial Land with Single-Tenant NNN Lease

37504 Pacific Highway South, Federal Way, WA 98003

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348,480 sqft 8.00 AC lot

Vacant land parcel under a 5-year single-tenant triple net lease, with 6% cap rate noted.

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Mixed-Use Development Land

29020 - 29026 Military Road S, Federal Way, WA 98003

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17,000 sqft 1.68 AC lot

Two-parcel assemblage on Military Road with a soil report indicating suitability for a 17,000-sf building.

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Commercial Land with Pacific Highway Access

27905 Pacific Hwy S, Federal Way, WA 98003

$425,950

Vacant commercial land with Pacific Highway frontage and two exits, previously excavated and ready for plans.

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Land

31 32ND, Federal Way, WA 98003

$1,500,000

Commercial land

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BC-Zoned Commercial Land

31000 18th Ave S, Federal Way, WA 98003

$3,330,000

Parcel supports mixed-use development concepts under its business-commercial zoning.

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Land Parcel

32337 (Lot 2188203740) 2nd Ave SW, Federal Way, WA 98023

$449,999

Land offered with an additional property on 2nd Avenue SW.

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Vacant Land

32257 39th Ave S, Federal Way, WA 98001

$169,000

Residential land & home lots

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Land

29438 10th Ave Sw, Federal Way, WA 98023

$425,000

Waterfront Land

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Vacant Land

32227 Military Rd S, Federal Way, WA 98001

$214,888

Residential land & home lots

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Land

3911 Sw Dash Point Rd, Federal Way, WA 98023

$450,000

Waterfront Land

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Single-Family Cul-de-Sac Development Land

246 357TH STREET, Federal Way, WA 98023

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0.72 AC lot

Three adjacent parcels offer single-family residential zoning, with utilities in the right-of-way at a cul-de-sac end.

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Neighborhood Business Commercial Land

29026 Military Rd S, Federal Way, WA 98003

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Neighborhood Business-zoned site with sewer, water, and electricity available in the street.

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Commercial Lot for Motel Development

34201 Pacific Hwy S, Federal Way, WA 98003

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Large commercial lot with preliminary motel drawings and sewer and gas utilities brought to the site during roadway work.

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Federal Way Acreage Opportunity

26xx SW 308th, Federal Way, WA 98023

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2.17 AC lot

2.17 acres in Federal Way, perfect for building.

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Land

4248 S 324th Pl, Federal Way, WA 98001

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Residential land & home lots

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Based on your search, we've compiled Potential Opportunities for your consideration. Besides 20 Active Listings in Federal Way, WA, we suggest to view alternatives - similar 52 Off-Market properties to explore as potential leads.

Off-Market Properties in Federal Way, WA

Consider similar Off-Market properties in Federal Way, WA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

VACANT COMMERCIAL LAND

803 348th St, Federal Way, WA 98003-7020

$375,000

Estimated value

1,370 sqft 0.57 AC lot

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VACANT COMMERCIAL LAND

33301 Pacific S Hwy, Federal Way, WA 98003-6806

$2,065,000

Estimated value

860 sqft 2.79 AC lot

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VACANT COMMERCIAL LAND

27500 16th S Ave, Federal Way, WA 98003-2352

$3,230,000

Estimated value

0.33 AC lot

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VACANT COMMERCIAL LAND

1920 336th St, Federal Way, WA 98003

$330,000

Estimated value

1.42 AC lot

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Federal Way, WA Land Market Trends and Statistics

Explore 72 land for sale in Federal Way, WA, showcased through 20 active listings on our real estate platform. These investment opportunities span a total of 1,163,489 square feet of properties for sale, with an estimated market value of $10,528,837.

Sale prices for lots in Federal Way, WA start at $139,000, averaging $957,167, and reaching up to $3,330,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 138K

Population Growth (5Y) +4.6%

Median Household Income $91,533

College Educated 23.6%

High-Yield Neighborhoods for Investment

Identify Federal Way submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
Federal Way - 98003	$789K
Auburn - 98001	$880.7K

Taxes & Financing

Tax Rate (average for all types) 1.01%

Property Tax per SF $9.26 per SF

Tax Rate vs County Average 0.17 pp above county avg

Average Loan-to-Value 65.0%

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