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7433 SE 27th St - 7433 SE 27th Street 0.91 Acres of Residential Land in Mercer Island, WA 98040
INVESTMENT HIGHLIGHTS
- Extremely Rare 1-acre site in Mercer Island’s downtown core
- Units with Premier Views of Lake Washington, Cascade Mountains, and Downtown Mercer Island/Bellevue
- Most Undersupplied TOD on the Market
- Transit Oriented Development Site
- Highly Affluent Eastside Community
EXECUTIVE SUMMARY
Cushman & Wakefield Capital Markets is delighted to offer a unique chance to acquire a prime Transit-Oriented Development (TOD) site in Mercer Island. This exceptional development opportunity is located at the intersection of SE 27th Street and 76th Avenue SE, in the heart of Mercer Island’s city center. The feasibility study from Weinstein AU shows a density study of 106 units, averaging 718 square feet.
Mercer Island is an affluent community with the state’s top-ranked school district and close to major companies like Microsoft, Amazon, Starbucks, T-Mobile, and Costco. This investment opportunity allows for the development of a high-quality project in one of the most desirable locations in the country. It is also conveniently located less than a quarter mile from the future Mercer Island Light Rail station, providing easy access to Seattle and Bellevue. The residential units will offer stunning views of Lake Washington, the Cascade Mountains, and Downtown Mercer Island/Bellevue.
Additionally, Mercer Island’s undersupplied Transit-Oriented Development market makes this project even more attractive. The location is perfect for a live-work-play lifestyle, with easy access to work, entertainment, and shopping.
Mercer Island is an affluent community with the state’s top-ranked school district and close to major companies like Microsoft, Amazon, Starbucks, T-Mobile, and Costco. This investment opportunity allows for the development of a high-quality project in one of the most desirable locations in the country. It is also conveniently located less than a quarter mile from the future Mercer Island Light Rail station, providing easy access to Seattle and Bellevue. The residential units will offer stunning views of Lake Washington, the Cascade Mountains, and Downtown Mercer Island/Bellevue.
Additionally, Mercer Island’s undersupplied Transit-Oriented Development market makes this project even more attractive. The location is perfect for a live-work-play lifestyle, with easy access to work, entertainment, and shopping.
PROPERTY FACTS
| Sale Type | Investment | Property Subtype | Residential |
| No. Lots | 1 | Proposed Use | Apartment Units |
| Property Type | Land | Total Lot Size | 0.91 AC |
| Zoning | TC-4 | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Apartment Units |
| Total Lot Size | 0.91 AC |
| Zoning | TC-4 |
1 LOT AVAILABLE
Lot
| Lot Size | 0.91 AC |
| Lot Size | 0.91 AC |
1 1
Walk Score®
Very Walkable (82)
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7433 SE 27th St - 7433 SE 27th Street
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