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    Mercer Island, WA
    Mixed-Use

    Mercer Island, WA Mixed-use Properties for Sale

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    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.
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    See what stands out in King County

    We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

    We check every listing here. A few are worth a second look.

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    Based on your search, we've compiled 16 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 2 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 Building with Restaurant
    Mixed-Use Building with Restaurant

    3015 Beacon Ave S, Seattle, WA 98144

    $2,695,000
    4,283 sqft 0.09 AC lot

    Multi-unit commercial property combines restaurant, office, residential, courtyard, and covered parking components.

    View details
    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.

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    Mixed-Use Property with Triplex
    Mixed-Use Property with Triplex

    1322 S Bayview, Seattle, WA 98144

    $2,100,000

    A sanctuary with classrooms, kitchen, and an attached three-unit residential component.

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    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.

    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.

    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.

    View details
    Everett Land with Development Potential
    Everett Land with Development Potential

    1301-1305 Broadway Ave, Everett, WA 98201

    Contact for pricing
    0.28 AC lot

    Land with MU15 zoning, development potential, and opportunity zone benefits.

    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.

    2630 77th SE Ave
    OFFICE/RESIDENTIAL (MIXED USE)

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

    Estimated value:
    $44,315,000
    166,212 sqft 0.45 AC lot
    View details
    Mercer Island, WA 98040
    OFFICE/RESIDENTIAL (MIXED USE)

    Mercer Island, WA 98040

    Estimated value:
    $380,000
    1,681 sqft 0.43 AC lot
    View details
    Mercer Island, WA 98040
    OFFICE/RESIDENTIAL (MIXED USE)

    Mercer Island, WA 98040

    Estimated value:
    $1,680,000
    10,040 sqft 0.78 AC lot
    View details
    Mercer Island, WA 98040
    OFFICE/RESIDENTIAL (MIXED USE)

    Mercer Island, WA 98040

    Estimated value:
    $295,000
    1,840 sqft 0.09 AC lot
    View details
    2780 78th SE Ave
    OFFICE/RESIDENTIAL (MIXED USE)

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

    Estimated value:
    $1,855,000
    8,238 sqft 0.29 AC lot
    View details
    2758 78th SE Ave
    OFFICE/RESIDENTIAL (MIXED USE)

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

    Estimated value:
    $31,390,000
    217,375 sqft 2.25 AC lot
    View details
    7650 27th St
    OFFICE/RESIDENTIAL (MIXED USE)

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

    Estimated value:
    $21,740,000
    147,450 sqft 1.78 AC lot
    View details
    2836 78th SE Ave
    OFFICE/RESIDENTIAL (MIXED USE)

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

    Estimated value:
    $10,395,000
    41,050 sqft 0.41 AC lot
    View details
    3011 78th SE Ave
    OFFICE/RESIDENTIAL (MIXED USE)

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

    Estimated value:
    $5,575,000
    37,200 sqft 0.46 AC lot
    View details

    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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