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    Mercer Island, WA 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
    Waterfront Land with Skyline Views
    $6,800,000
    0.57 Acres

    Waterfront Land with Skyline Views

    Half-acre Mercer Island property with private shoreline and dock.

    7220 N Mercer Way, Mercer Island, WA 98040
    View details
    Based on your search, we've compiled 14 Potential Opportunities for your consideration. Besides 3 Active listings in Mercer Island, WA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 6 Off-Market properties to explore as potential leads, plus 1 Land Listings that present a potential for development.

    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
    Leschi Neighborhood Land with Views
    $699,950

    Leschi Neighborhood Land with Views

    Land in Leschi with lake and mountain views.

    607 38th Avenue, Seattle, WA 98122
    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

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    68 Acres Tillable Land For Sale
    $499,000
    68.30 Acres

    68 Acres Tillable Land For Sale

    68 acres of tillable land suitable for multiple uses.

    Saint Johns, MI 48879
    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
    6427 Mercer Way
    Land
    Lot: 0.36 Acres
    Value Estimation by Request

    6427 Mercer Way, Mercer Island, WA 98040

    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 Land Investment Opportunities Market Analysis

    Explore 9 land for sale in Mercer Island, WA, showcased through 3 active listings 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 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 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 median listing prices of real estate assets

    Neighborhood Average Price
    98040 $5.6M

    Taxes & Financing

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

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