Leased Retail Land
For Sale
Contact for pricing
1275 Mercer St, Seattle, WA 98109
A 100% leased, two-tenant covered land play anchored by a national credit tenant and local entertainment operator.
Property Size27,738 SF
Days on Market58
Property Features for 1275 Mercer St
General Information
Standard status
Active
Size
27,738 SF
Property subtype
RETAIL
Zoning
SM-SLU 65/95
Occupancy
100%
Building Details
Tenancy
Multi
Listing Agency:
Newmark
(206) 518-9567
Listed By:
Billy Sleeth · License #88059
(206) 518-9567
Source:
Moodyscre
Added: Jun 3
Changed: Jul 29
Last Checked: Jul 29 at 8:06AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Newmark
Investment Insights
Based on property information with market context.
1275 Mercer is a 100% leased, two-tenant covered land play in Seattle’s South Lake Union. The tenant mix includes a national credit tenant alongside a local family entertainment operator, providing stable in-place occupancy.
The offering also contemplates redevelopment, supported by an existing massing study for up to 237 residential units under SM-SLU 65/95 zoning.
For investors and developers seeking a retail-ground asset with current income and documented development potential, 1275 Mercer presents a straightforward, two-tenant structure within South Lake Union.
The offering also contemplates redevelopment, supported by an existing massing study for up to 237 residential units under SM-SLU 65/95 zoning.
For investors and developers seeking a retail-ground asset with current income and documented development potential, 1275 Mercer presents a straightforward, two-tenant structure within South Lake Union.
Key Highlights
- 100% leased, two‑tenant covered land play in Seattle’s South Lake Union
- Anchored by a national credit tenant and a local family entertainment operator
- Zoning and massing study support up to 237 residential units (SM‑SLU 65/95)
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
5,575
Businesses Nearby
Explore this area
Business Placement
Demographics for 98109, WA
34,551
Population
23,162
Households
1.5
Avg Household Size
32
Median Age
78%
College-Educated
98%
High-School Grad
1.9 sq mi
ZIP Area
18,185
Density / Sq Mi
$130,845
Median Household Income
$104,202
Median Earnings
$2,329
Median Rent
$986,000
Median Home Value
Market
Vacancy Rate% for Retail in Seattle, WA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - A 100% leased, two-tenant covered land play anchored by a national credit tenant and local entertainment operator.
Where is this retail space located?
The property is located at 1275 Mercer St Seattle, WA.
What are key features of this property?
This property features: 100% leased, two‑tenant covered land play in Seattle’s South Lake Union; Anchored by a national credit tenant and a local family entertainment operator; Zoning and massing study support up to 237 residential units (SM‑SLU 65/95)
