Mercer Island, WA Commercial land for sale

Updated: Jan 27

Mercer Island Development Opportunity

3003 Island Crest Way, Mercer Island, WA 98040

$4,950,000

3,683 sqft 0.44 AC lot

Prime development site on Mercer Island.
Multifamily 2 (MF‑2) zoning allows for Multifamily, Office, Medical, Retail, and Mixed‑Use development.
Highly visible corner location along Island Crest Way.
Just an 8‑minute walk to the new Mercer Island Link Light Rail Extension (opening in 2024).
Land area of 19,169 SF / 0.44 acre.

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Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 1 Active listings in Mercer Island, WA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 5 Off-Market properties to explore as potential leads

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Leased Office Development Parcel

3207 Rainier Avenue S, Seattle, WA 98144

$4,500,000

3,384 sqft 0.37 AC lot

Fully fenced parcels total 16,200 sf with a leased 3,384 sf office building, zoned SM-NR 95 (M).

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Downtown Bellevue Development Opportunity

100-138 107th Ave NE, Bellevue, WA 98004

Contact for pricing

0.55 AC lot

High-density mixed-use site in a dynamic urban market.

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Prime Downtown Bellevue Development Site

119 107th Ave SE, Bellevue, WA 98004

$10,000,000

Two-parcel development site near Downtown Bellevue Park and transit.

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Rainier Avenue Mixed-Use Development Opportunity

4103 Rainier Avenue S, Seattle, WA 98118

$2,700,000

0.35 AC lot

15,131 SF lot zoned for mixed-use development.

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Off-Market Properties in Mercer Island, WA

Consider similar Off-Market properties in Mercer Island, WA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

VACANT COMMERCIAL LAND

8475 Mercer Way, Mercer Island, WA 98040-5632

$11,350,000

Estimated value

37,104 sqft 1.55 AC lot

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VACANT COMMERCIAL LAND

3828 Greenbrier Ln, Mercer Island, WA 98040-3728

Value Estimation by Request

0.01 AC lot

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VACANT COMMERCIAL LAND

7645 Sunset Hwy, Mercer Island, WA 98040-2824

$1,895,000

Estimated value

13,152 sqft 0.63 AC lot

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VACANT COMMERCIAL LAND

9200 36th Pl, Mercer Island, WA 98040-3737

Value Estimation by Request

1.34 AC lot

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VACANT COMMERCIAL LAND

Mercer Island, WA 98040

Value Estimation by Request

0.08 AC lot

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Mercer Island, WA Commercial Land Market Trends and Statistics

Explore 6 commercial land for sale in Mercer Island, WA on our real estate platform. These investment opportunities span a total of 19,166 square feet of properties for sale, with an estimated market value of $4,950,000.

Sale prices for commercial lots in Mercer Island, WA average $4,950,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

Neighborhood	Average Price
98040	$5M

Neighborhood

Average Price

98040

$5M

Mercer Island, WA Commercial Land for Sale

3003 Island Crest Way, Mercer Island, WA 98040