$425,000
Est. $2,142/mo1111 Enchanted Pkwy S, Federal Way, WA 98003
• Listed 2026-03-21•2 days on market
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Based on information submitted to the MLS GRID as of June 16, 2026 at 12:04pm (date and time MLS GRID Data was obtained). 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.
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Perfectly positioned flat corner lot with hundreds of feet of street frontage on north bound SR 161 Enchanted pkwy, right next to I-5. With around 33,000 sqft of usable land for both commercial and multi family use, Gas stations, retail, apartments, condos, hotels or a combination of the 2 are all a go for this lot. Approximately 41,000 cars traveling past this parcel daily, with new developed neighborhoods to the east, creating huge value for any type of commercial use. Land has been partially cleared with setbacks marked.
Listed by Maxwell Andrew Donaldson • eXp Realty
Listing updated: June 16, 2026 at 12:04pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2495870
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1111 Enchanted Pkwy S, Federal Way, WA 98003
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School information is unavailable for this listing. School boundaries can change, so verify the assigned schools with the district before purchasing.
Federal Way is a seller's market.
Inventory is low and competition is high. Sellers have more negotiating power.
Offer insight: Many homes get multiple offers, some with waived contingencies.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 9 days.
$580,000 Sold
2 months ago
3 bd•1.5 ba•~1,880 sq ft•Single Family
37326 19th Place S, Federal Way, WA 98003
2%
Under list
—
Days on market
0.7 mi
Distance
$160,000 Sold
5 months ago
2 bd•1 ba•Single Family
2500 S 370th Street #131, Federal Way, WA 98003
0%
Over list
—
Days on market
0.5 mi
Distance
$405,000 Sold
5 months ago
2 bd•1 ba•~1,296 sq ft•Single Family
35119 28th Avenue S, Federal Way, WA 98003
4%
Under list
—
Days on market
0.8 mi
Distance
$405,000 Sold
5 months ago
2 bd•1 ba•~1,296 sq ft•Single Family
35119 28th Avenue S, Federal Way, WA 98003
4%
Under list
—
Days on market
0.8 mi
Distance
$104,000 Sold
6 months ago
3 bd•1 ba•Single Family
2500 S 370th Street #138, Federal Way, WA 98003
18%
Under list
—
Days on market
0.5 mi
Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
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Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Jun 2026
