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    Mercer Island, WA
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    Mercer Island, WA Commercial Land for Sale

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    Issaquah, WA Bellevue, WA Seattle, WA
    Mercer Island Development Site
    $4,950,000
    3,683 SF
    Mercer Island Development Site

    3003 Island Crest Way, Mercer Island, WA 98040

    Prime development site on Mercer Island with high visibility.
    • Prime development site on Mercer Island.
    • Zoning allows for Multifamily, Office, Medical, Retail, and Mixed Use.
    • Highly visible corner location on Island Crest Way.
    • Proximity to transit: an 8‑minute walk to Mercer Island Link Light Rail Extension (opening 2024).
    • Utilities on site.
    Updated: Mar 6
    View details
    Mercer Island Development Opportunity
    $4,950,000
    3,683 SF
    Mercer Island Development Opportunity

    3003 Island Crest Way, Mercer Island, WA 98040

    Prime development site near future light rail station.
    • 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.
    Updated: Jan 27
    View details
    Based on your search, we've compiled 11 Potential Opportunities for your consideration. Besides 2 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.

    Downtown Bellevue Development Opportunity
    Contact for pricing
    0.55 Acres
    Downtown Bellevue Development Opportunity

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

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

    View details
    Prime Downtown Bellevue Development Site
    $10,000,000
    Prime Downtown Bellevue Development Site

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

    119 107th Ave SE, Bellevue, WA 98004

    View details
    Columbia City Development Opportunity
    $350,000
    0.50 Acres
    Columbia City Development Opportunity

    Two parcels with LR3 zoning near light rail.

    3939 S Farrar Street, Seattle, WA 98118

    View details
    Rainier Avenue Mixed-Use Development Opportunity
    $2,700,000
    0.35 Acres
    Rainier Avenue Mixed-Use Development Opportunity

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

    4103 Rainier Avenue S, Seattle, WA 98118

    View details

    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.

    8475 Mercer Way
    VACANT COMMERCIAL LAND
    37,104 SF Lot: 1.55 Acres
    Estimated value
    $11,350,000

    8475 Mercer Way, Mercer Island, WA 98040-5632

    View details
    3828 Greenbrier Ln
    VACANT COMMERCIAL LAND
    Lot: 0.01 Acres
    Value Estimation by Request

    3828 Greenbrier Ln, Mercer Island, WA 98040-3728

    View details
    7645 Sunset Hwy
    VACANT COMMERCIAL LAND
    13,152 SF Lot: 0.63 Acres
    Estimated value
    $1,895,000

    7645 Sunset Hwy, Mercer Island, WA 98040-2824

    View details
    9200 36th Pl
    VACANT COMMERCIAL LAND
    Lot: 1.34 Acres
    Value Estimation by Request

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

    View details
    Mercer Island, WA 98040
    VACANT COMMERCIAL LAND
    Lot: 0.08 Acres
    Value Estimation by Request

    Mercer Island, WA 98040

    View details

    Mercer Island, WA Commercial Land Investment Opportunities Market Analysis

    Explore 7 commercial land for sale in Mercer Island, WA on our real estate platform. These investment opportunities span a total of 7,366 square feet of properties for sale, with an estimated market value of $9,900,000.

    Sale prices for commercial lots in Mercer Island, WA start at $4,950,000, averaging $4,950,000, and reaching up to $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.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Commercial land 2
    Waterfront Land 1

    Demographics Overview

    Population 25K
    Population Growth (5Y) -0.8%
    Median Household Income $202,359

    High-Yield Neighborhoods for Investment

    Identify Mercer Island submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    98040 $5M

    Taxes & Financing

    Tax Rate (average for all types) 0.61%
    Property Tax per SF $4.68 per SF
    Tax Rate vs County Average 0.26 pp below county avg
    Average Loan-to-Value 65.0%

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