31 XXX 32nd Avenue S, Federal Way, WA 98003
Listed by Troy M. Lehman, Redfin
$1,500,000
31 XXX 32nd Avenue S, Federal Way, WA 98003
Federal Way, WA, 98003
Tour this home
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.
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
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.
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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.