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Mercer Island, WA

Mixed-Use

Mercer Island, WA Mixed-use Properties for Sale

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Issaquah, WA Bellevue, WA Seattle, WA Newcastle, WA Medina, WA Tukwila, WA Renton, WA Redmond, 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 Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center

Based on your search, we've compiled 18 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 9 Off-Market properties to explore as potential leads, plus 4 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.

Mixed-Use Development Site

Mixed-Use Development Site

100 107th Ave NE, Bellevue, WA 98004

Contact for pricing

23,958 sqft

For-sale downtown Bellevue mixed-use development opportunity near Bellevue Downtown Park, The Bellevue Collection, and East Link Light Rail.

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.

Development Site in Ballard

Development Site in Ballard

2363 NW 80th St & 7800 24th Ave NW, Seattle, WA 98117

Contact for pricing

0.68 AC lot

Versatile development site in Crown Hill/Ballard with multi-use potential.

Mixed-Use Apartment Building

Mixed-Use Apartment Building

3309 Beacon Ave S, Seattle, WA 98144

Contact for pricing

Boutique building with 23 residential units and street-level retail totaling 1,293 square feet.

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.

Bellevue Land For Sale

Bellevue Land For Sale

1310 116th Ave NE, Bellevue, WA 98004

Contact for pricing

2.55 AC lot

Large land parcel available in Bellevue, Washington.

Seattle Denny Triangle Development Opportunity

Seattle Denny Triangle Development Opportunity

2404 7th Avenue, Seattle, WA 98121

$6,998,900

0.12 AC lot

5,302 SF commercial site in prime Seattle location.

Redmond Land Near Downtown

Redmond Land Near Downtown

16455 85th St, Redmond, WA 98052

Contact for pricing

7,095 sqft

Land near downtown Redmond with high foot traffic.

Transit-Oriented Development Land Opportunity

Transit-Oriented Development Land Opportunity

2354 148th St, Shoreline, WA 98133

Contact for pricing

164,657 sqft 3.78 AC lot

Large land parcel near Shoreline South/148th St. Station.

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.

2630 77th SE Ave

OFFICE/RESIDENTIAL (MIXED USE)

2630 77th SE Ave, Mercer Island, WA 98040-4053

$44,315,000

Estimated value

166,212 sqft 0.45 AC lot

Mercer Island, WA 98040

OFFICE/RESIDENTIAL (MIXED USE)

Mercer Island, WA 98040

Value Estimation by Request

1,681 sqft 0.43 AC lot

Mercer Island, WA 98040

OFFICE/RESIDENTIAL (MIXED USE)

Mercer Island, WA 98040

$1,680,000

Estimated value

10,040 sqft 0.78 AC lot

Mercer Island, WA 98040

OFFICE/RESIDENTIAL (MIXED USE)

Mercer Island, WA 98040

Value Estimation by Request

1,840 sqft 0.09 AC lot

2780 78th SE Ave

OFFICE/RESIDENTIAL (MIXED USE)

2780 78th SE Ave, Mercer Island, WA 98040-2817

$1,855,000

Estimated value

8,238 sqft 0.29 AC lot

2758 78th SE Ave

OFFICE/RESIDENTIAL (MIXED USE)

2758 78th SE Ave, Mercer Island, WA 98040-2868

$31,390,000

Estimated value

217,375 sqft 2.25 AC lot

7650 27th St

OFFICE/RESIDENTIAL (MIXED USE)

7650 27th St, Mercer Island, WA 98040-3060

$21,740,000

Estimated value

147,450 sqft 1.78 AC lot

2836 78th SE Ave

OFFICE/RESIDENTIAL (MIXED USE)

2836 78th SE Ave, Mercer Island, WA 98040-2848

$10,395,000

Estimated value

41,050 sqft 0.41 AC lot

3011 78th SE Ave

OFFICE/RESIDENTIAL (MIXED USE)

3011 78th SE Ave, Mercer Island, WA 98040-2853

$5,575,000

Estimated value

37,200 sqft 0.46 AC lot

Mercer Island, WA Mixed-Use Properties Market Trends and Statistics

Explore 10 mixed-use properties 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 multi use buildings 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	$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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