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    35425 Enchanted Pkwy Federal Way, WA 98003

    Sponsored
    For Sale
    Contact for pricing

    High-traffic location, development potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional commercial land parcel, located at 35425 Enchanted Parkway South, Federal Way, WA 98003, presents a unique investment opportunity. Situated in King County, this property boasts excellent visibility and accessibility, with convenient proximity to Interstate 5. The site offers significant development potential, with the possibility of expansion. High traffic counts are a key feature, with 40,306 cars per day passing on Enchanted Parkway South and 8,479 cars per day on South 356th Street, ensuring high exposure for any future development. The location is further enhanced by its proximity to numerous established national retailers, creating a strong and vibrant commercial environment. This prime location offers a compelling opportunity for businesses seeking high visibility and convenient access to major transportation routes. The property's size and strategic location make it ideal for a variety of commercial uses, offering significant long-term growth potential. Detailed site plans and traffic studies are available upon request. Don't miss this chance to acquire a highly desirable commercial land parcel in a thriving area.

    Property Features for 35425 Enchanted Pkwy

    General Information

    Property type
    Land

    HighLights

    • Expansion potential.
    • 40,306 cars per day (CPD) on Enchanted Parkway South.
    • 8,479 CPD on South 356th Street.
    • Minutes from I‑5.
    • Located near numerous national retailers.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Federal Way
    County
    King
    State
    Washington
    Longitude
    -122.3151203
    Latitude
    47.2833593

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    FAQs

    What type of property is this?
    Land - High-traffic location, development potential.
    Where is this land located?
    The property is located at 35425 Enchanted Pkwy Federal Way, WA.
    What are key features of this property?
    This property features: Expansion potential.; 40,306 cars per day (CPD) on Enchanted Parkway South.; 8,479 CPD on South 356th Street.
    Request Owner's contact information
    35425 Enchanted Pkwy Federal Way, WA 98003
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    35425 Enchanted Pkwy Federal Way, WA 98003
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