Flat Corner Commercial Land
For Sale
$425,000
1111 Enchanted Pkwy S, Federal Way, WA 98003
Flat corner lot with partial clearing and marked setbacks, offering substantial street frontage on SR 161.
Property SizeContact for details
Lot Size0.76 Acres
Days on Market172
Property Features for 1111 Enchanted Pkwy S
General Information
Standard status
Active
Lot size
0.76 Acres
Property subtype
Land
Site & Location
Traffic Count
41,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$1,502
Listing Agency:
eXp Realty
Listed By:
Maxwell Andrew Donaldson · License #22009318
(888) 317-5197
Source:
Exprealty
Added: Mar 21
Changed: Aug 20
Last Checked: Sep 7 at 12:30PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of eXp Realty
Investment Insights
Based on property information with market context.
This offering presents a flat corner commercial land lot with partial clearing and setbacks that are marked. The site includes approximately 33,000 square feet of usable land and is positioned as a flexible development parcel for a range of commercial and multi-family possibilities.
The property benefits from hundreds of feet of northbound SR 161 Enchanted Pkwy frontage, with proximity to I-5 noted in the remarks. Public remarks also cite approximately 41,000 cars traveling past the parcel daily, with new developed neighborhoods to the east.
According to the provided information, the lot is suitable for uses that may include gas stations, retail, apartments, condos, hotels, or a combination of these. The current condition includes partial clearing, supporting early site planning and development layout work.
The property benefits from hundreds of feet of northbound SR 161 Enchanted Pkwy frontage, with proximity to I-5 noted in the remarks. Public remarks also cite approximately 41,000 cars traveling past the parcel daily, with new developed neighborhoods to the east.
According to the provided information, the lot is suitable for uses that may include gas stations, retail, apartments, condos, hotels, or a combination of these. The current condition includes partial clearing, supporting early site planning and development layout work.
Key Highlights
- 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
Property Analytics
Current Use
Lease Details
41,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,172
Businesses Nearby
Explore this area
Business Placement
Demographics for 98003, WA
51,751
Population
20,380
Households
2.5
Avg Household Size
37
Median Age
28%
College-Educated
88%
High-School Grad
11.5 sq mi
ZIP Area
4,500
Density / Sq Mi
$70,800
Median Household Income
$39,497
Median Earnings
$1,650
Median Rent
$428,500
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Commercial land - Flat corner lot with partial clearing and marked setbacks, offering substantial street frontage on SR 161.
Where is this commercial land located?
The property is located at 1111 Enchanted Pkwy S Federal Way, WA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 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
