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JRJeff ReynoldsCompass · Seattle

31 XXX 32nd Avenue S, Federal Way, WA 98003

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Active

Listed by Troy M. Lehman, Redfin

Active0 days on market

$1,500,000

31 XXX 32nd Avenue S, Federal Way, WA 98003

Federal Way, WA, 98003

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Jeff Reynolds · Managing Broker, Compass

Start with a focused 15-minute call, then tour with a clear due-diligence plan.

Land
Type
203,922 sq ft
Lot
0
Days on market

About this property

Discover an exceptional opportunity to bring your vision to life on approximately 4.68 acres in a highly convenient location that offers both accessibility and a peaceful natural setting. Zoned Community Business, this versatile property presents a wide range of potential development opportunities. Utilities are available in the street, adding to the property's appeal for future plans. According to King County, potential uses may include townhomes, apartments, community residential facilities, assisted housing, bed and breakfast accommodations, along with various residential accessory uses. Buyer to verify all permitted uses and development potential to their own satisfaction. The property is primarily lightly treed with a beautiful mix of mature evergreens and cedar trees, creating an inviting Northwest backdrop while preserving flexibility for future plans. A generous level area provides an excellent starting point for development, while the gently sloping rear portion adds character and dimension to the landscape. Conveniently located near shopping, dining, services, and major commuter routes, this rare offering combines outstanding potential with an exceptional location.

Location & commute

Add a destination (work, gym, school) for directions and drive time.

Directions

Property details

Listing details

Listing number
#2555834
Listed
August 4, 2026
Days on market
0

Construction

Style
43 - Comm/Industrial
Structure
None

Lot

Lot size
203,922 sq ft

Terms

Terms offered
Cash

Utilities

Utilities
Electricity AvailableNatural Gas Available
Water
In Street
Sewer
In Street

Schools

District
Federal Way
Elementary
Buyer To Verify
Middle
Buyer To Verify
High
Buyer To Verify

Listing history

  1. Listed

    $1,500,000

    August 4, 2026

Derived from current MLS listing fields. Full multi-cycle status history is on the roadmap.

Payment estimate

An estimate to help you plan, not a loan offer or financial advice.

Est. monthly

$8,735

Principal & interest
$7,585
Property tax (est.)
$1,150

Assumes $300,000 down (20%), a $1,200,000 loan at 6.5% over 30 years. Property tax is an estimated figure, not MLS data (verify with the county assessor). Excludes insurance, PMI, and closing costs. Not a commitment to lend or financial advice.

Similar nearby listings

Based on information submitted to the MLS GRID as of August 4, 2026 at 7:45 PM PDT. 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.