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Informations principales sur l'investissement

  • Located in Downtown Mercer Island with convenient access to shopping, dining, and parks.
  • Strategic location minutes from both Seattle and Bellevue via Interstate 90.
  • Surrounded by affluent residential neighborhoods and strong consumer base.
  • Features a fully leased single-story building for immediate income potential.
  • Rare redevelopment opportunity in a high-demand, low-supply submarket.
  • Walkable community with desirable proximity to public amenities.

Résumé analytique

Newmark, as exclusive advisor, is pleased to present 7707 SE 29th Street (the Property)— Mercer Island Development Site. The existing improvements on the Property include a fully leased 1-story building and a parking lot—providing the ability to cash flow the asset while planning for future development or occupancy.
Located in the heart of Downtown Mercer Island, the site offers high walkability to restaurants, shopping and parks, excellent proximity to transportation, and is a rare development opportunity only minutes from two of the premier urban office, retail and residential markets in the Western United States.

Pièces jointes

Mercer Island Dev Site

Informations sur l’immeuble

Type de vente Investissement
Nb de lots 1
Type de bien Terrain
Sous-type de bien Terrain commercial
Usage proposé Commercial
Surface totale du lot 0,21 ha
Nb d’étages 1
Zonage commercial

1 Lot disponible

Lot

Surface du lot 0,21 ha

Description

Nestled in the vibrant heart of Downtown Mercer Island, this 0.52-acre commercial parcel presents a rare development opportunity in one of the region’s most prestigious enclaves. The site currently includes a fully leased 1-story structure and parking areas, offering immediate cash flow as future plans take shape. Situated steps from dining, retail, and recreational amenities, the property benefits from a highly walkable environment and excellent access to Interstate 90, providing connectivity to both Seattle and Bellevue in mere minutes. With zoning for commercial use, this site is well-suited for a range of future redevelopment possibilities, including mixed-use or retail-commercial applications. Its proximity to two of the strongest business and residential markets in the Western U.S. further underscores the asset’s long-term value and versatility. Investors will appreciate the stable income profile during the planning stage and the potential upside from creating a modern development tailored to the area’s robust demographics and economic growth.

Moyennement praticable à pied
70/100
Très bien adapté aux voitures
80/100
Transports en commun limités
30/100
Plutôt praticable en vélo
50/100

Taxes foncières

Taxes foncières

Numéro de parcelle
531510-1076
Évaluation du terrain
3 790 615 €
Évaluation des aménagements
761 961 €
Évaluation totale
4 552 576 €
  • ID de l’annonce: 41030215

  • Date de mise sur le marché: 23/06/2026

  • Dernière mise à jour:

  • Adresse: 7707 SE 29th St, Mercer Island, WA 98040

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