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3003 Island Crest Way, Mercer Island, WA 98040

Zoned MF-2 with on-site utilities and approximately 195.5 feet of frontage on an Island Crest Way lot.

Property Size3,683 SF
Lot Size0.44 Acres
Price / SF$1,344
Days on Market998

Property Features for 3003 Island Crest Way

General Information

Standard status Active
Size 3,683 SF
Lot size 0.44 Acres
Property subtype LAND
Zoning MF-2

Site & Location

Public Transit Yes
Utilities to Site Yes

Building Details

Building Size 3,683 SF
Listing Agency: NAI Puget Sound Properties
Listed By: Chris O'Connor
Source: Moodyscre
Added: Nov 6, 2023 Changed: Jul 30 Last Checked: Jul 30 at 10:46PM

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 NAI Puget Sound Properties

Investment Insights

Based on property information with market context.

This mixed-use building site totals 0.44 acre with land area of 19,169 SF and a 3,683 SF building. The property has on-site utilities and approximately 195.5 feet of frontage. Zoning is Multifamily 2 (MF-2), with the noted allowance for office, medical, retail, and mixed use.

Access and connectivity include transit by way of an approximately 8-minute walk to the new Mercer Island Link Light Rail Extension, scheduled to open in 2024.

The combination of MF-2 zoning and the property’s on-site infrastructure supports flexible use considerations consistent with the listed mixed-use, office, medical, and retail categories.

Key Highlights

  • 0.44 acre (19,169 SF) land area
  • 3,683 SF building area
  • Zoned Multifamily 2 (MF‑2) with office, medical, retail and mixed‑use

Property Analytics

Current Use

Mercer Island Dentist Dental Office Mercer Park Dentistry Dental Office Scott Fannin, DO Pediatrician Dr. Charles R. ... Physician Mercer Island Family ... Medical Clinic

Suggested Use

Top Pick Auto Repair Shop Grocery & Convenience Store (Bike/Boat/Book/etc) Store Storage Facility Garden Center Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

1,421
Businesses Nearby

Demographics for 98040, WA

25,748
Population
10,454
Households
2.5
Avg Household Size
44
Median Age
79%
College-Educated
98%
High-School Grad
6.4 sq mi
ZIP Area
4,023
Density / Sq Mi
$202,359
Median Household Income
$96,073
Median Earnings
$2,464
Median Rent
$1,884,200
Median Home Value

Market

Properties on Market for Mixed-use properties in King County

Jan
Feb
Mar
Apr
May
Jun

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Zoned MF-2 with on-site utilities and approximately 195.5 feet of frontage on an Island Crest Way lot.
Where is this mixed-use property located?
The property is located at 3003 Island Crest Way Mercer Island, WA.
What is the asking price?
The asking price for this property is $4,950,000.
What are key features of this property?
This property features: 0.44 acre (19,169 SF) land area; 3,683 SF building area; Zoned Multifamily 2 (MF‑2) with office, medical, retail and mixed‑use
(425) 586-5640 Call to check price and availability
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