Mercer Island Development
For Sale
$4,950,000
3003 Island Crest Way, Mercer Island, WA 98040
Prime development site near future light rail station.
Property Size3,683 SF
Lot Size0.44 Acres
Price / SF$1,344
Days on Market205
Property Features for 3003 Island Crest Way
General Information
Standard status
Active
Size
3,683 SF
Class
B
Lot size
0.44 Acres
Property subtype
Office
Building Details
Building Size
3,683 SF
Year Built
1957
Listing Agency:
NAI Puget Sound Properties
(425) 586-5640
Listed By:
Chris O’Connor
Source:
Naiglobal
Added: Jan 27
Changed: Aug 8
Last Checked: Aug 20 at 5:17AM
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 0.44-acre development site is located on Mercer Island. The property, which includes a 3,683-square-foot building, is situated on a corner with high visibility along Island Crest Way. Zoned for Multifamily 2 (MF-2), office, medical, retail, and mixed-use, the site offers various development possibilities. Utilities are available on site. The property has approximately 195.5 feet of frontage. The location is an 8-minute walk to the new Mercer Island Link Light Rail Extension, scheduled to open in 2024.
Key Highlights
- 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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,407
Businesses Nearby
Explore this area
Business Placement
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
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Prime development site near future light rail station.
Where is this commercial land 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: 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.
