35425 Enchanted S Pkwy Federal Way, WA 98003-8306
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CE · Federal Way, WAFederal Way. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.