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Mercer Island, WA

Mercer Island, WA Commercial Real Estate for Sale

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Bellevue, WA Issaquah, WA Seattle, WA Newcastle, WA Renton, WA Medina, WA Tukwila, WA Clyde Hill, WA

Mercer Island Development Opportunity

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.

Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center

Based on your search, we've compiled 76 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 71 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.

Bellevue Office Space Available

Bellevue Office Space Available

1745 114th Ave SE, Bellevue, WA 98004

$21,500,000

32,573 sqft

Office space for rent at 1745 114th Avenue SE.

Shovel-Ready Mixed-Use Development

Shovel-Ready Mixed-Use Development

3109-3111 Rainier Ave S, Seattle, WA 98144

Contact for pricing

123,052 sqft

Fully entitled mixed-use project with 175 residential units and ground-floor retail, constructed-ready for immediate development.

Corner Development Land Zoned NC2-55(M)

Corner Development Land Zoned NC2-55(M)

4567 Rainier Ave S, Seattle, WA 98118

Contact for pricing

0.75 AC lot

Corner development site with alley access, zoned NC2-55(M), spanning three tax parcels totaling 33,105 SF of land.

Bellevue Way Development Opportunity

Bellevue Way Development Opportunity

814 Bellevue Way SE, Bellevue, WA 98004

$7,500,000

43,006 sqft

Development site suitable for townhomes or assisted living facility.

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.

2690 76th SE Ave

RETAIL STORES (PERSONAL SERVICES)

2690 76th SE Ave, Mercer Island, WA 98040-2741

Estimated value:

$270,000

1,896 sqft 0.19 AC lot

2830 80th SE Ave

FINANCIAL BUILDING

2830 80th SE Ave, Mercer Island, WA 98040-2914

Estimated value:

$470,000

6,988 sqft 0.76 AC lot

1825 72nd SE Ave

RESTAURANT

1825 72nd SE Ave, Mercer Island, WA 98040-2109

Estimated value:

$1,900,000

4,703 sqft 0.50 AC lot

2959 76th SE Ave

HOMES (RETIRED, NURSING)

2959 76th SE Ave, Mercer Island, WA 98040-2737

Estimated value:

$5,500,000

17,750 sqft 1.05 AC lot

Mercer Island, WA 98040

ZOO

Mercer Island, WA 98040

Estimated value:

No data

38.36 AC lot

7833 28th St

AUTO REPAIR, GARAGE

7833 28th St, Mercer Island, WA 98040-2902

Estimated value:

$2,700,000

1,000 sqft 0.30 AC lot

7419 24th St

DENTAL BUILDING

7419 24th St, Mercer Island, WA 98040-2326

Estimated value:

$270,000

2,472 sqft 0.19 AC lot

78th SE Ave

PARKING LOT

78th SE Ave, Mercer Island, WA 98040

Estimated value:

$300,000

0.23 AC lot

3003 81st SE Pl

MEDICAL BUILDING

3003 81st SE Pl, Mercer Island, WA 98040

Estimated value:

$2,940,000

3,683 sqft 0.44 AC lot

7810 27th St

RESTAURANT

7810 27th St, Mercer Island, WA 98040-2924

Estimated value:

$1,780,000

1,168 sqft 0.28 AC lot

3003 77th SE Ave

OFFICE BUILDING

3003 77th SE Ave, Mercer Island, WA 98040-2837

Estimated value:

$108,765,000

155,200 sqft 5.88 AC lot

7667 27th St

PARKING LOT

7667 27th St, Mercer Island, WA 98040-2804

Estimated value:

$280,000

0.14 AC lot

7667 27th St

COMMERCIAL (GENERAL)

7667 27th St, Mercer Island, WA 98040-2804

Estimated value:

$1,140,000

6,644 sqft 0.87 AC lot

2728 80th SE Ave

AUTO REPAIR, GARAGE

2728 80th SE Ave, Mercer Island, WA 98040-2966

Estimated value:

$3,880,000

4,087 sqft 0.25 AC lot

2900 78th SE Ave

RESTAURANT

2900 78th SE Ave, Mercer Island, WA 98040-2821

Estimated value:

$1,400,000

952 sqft 0.17 AC lot

7700 29th St

WAREHOUSE, STORAGE

7700 29th St, Mercer Island, WA 98040-2810

Estimated value:

$1,350,000

8,340 sqft 0.52 AC lot

2885 78th SE Ave

COMMERCIAL (GENERAL)

2885 78th SE Ave, Mercer Island, WA 98040-2849

Estimated value:

$2,000,000

12,100 sqft 1.00 AC lot

9725 36th St

OFFICE BUILDING

9725 36th St, Mercer Island, WA 98040-3841

Estimated value:

$4,875,000

26,274 sqft 1.61 AC lot

8475 Mercer Way

VACANT COMMERCIAL LAND

8475 Mercer Way, Mercer Island, WA 98040-5632

Estimated value:

$11,350,000

37,104 sqft 1.55 AC lot

2755 77th SE Ave

GROCERY, SUPERMARKET

2755 77th SE Ave, Mercer Island, WA 98040-2811

Estimated value:

$10,710,000

37,076 sqft 2.74 AC lot

7525 24th St

OFFICE BUILDING

7525 24th St, Mercer Island, WA 98040-2336

Estimated value:

$31,845,000

200,059 sqft 1.41 AC lot

2750 77th SE Ave

RETAIL STORES (PERSONAL SERVICES)

2750 77th SE Ave, Mercer Island, WA 98040-2812

Estimated value:

$2,075,000

7,036 sqft 0.46 AC lot

7810 30th St

HOMES (RETIRED, NURSING)

7810 30th St, Mercer Island, WA 98040-6002

Estimated value:

$1,835,000

50,955 sqft 1.01 AC lot

Mercer Island, WA Commercial Real Estate Market Trends and Statistics

Explore 72 commercial real estate for sale in Mercer Island, WA on our real estate platform. These investment opportunities span a total of 3,683 square feet of properties for sale, with an estimated market value of $4,950,000.

Sale prices for business properties 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.

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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	$5.5M

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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