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7707 SE 29th St 0.52 Acres of Commercial Land in Mercer Island, WA 98040
Investment Highlights
- 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.
Executive Summary
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.
Property Facts
| Sale Type | Investment | Proposed Use | Commercial |
| No. Lots | 1 | Total Lot Size | 0.52 AC |
| Property Type | Land | No. Stories | 1 |
| Property Subtype | Commercial | ||
| Zoning | commercial | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 0.52 AC |
| No. Stories | 1 |
| Zoning | commercial |
1 Lot Available
Lot
| Lot Size | 0.52 AC |
| Lot Size | 0.52 AC |
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.
Property Taxes
| Parcel Number | 531510-1076 | Improvements Assessment | $869,600 |
| Land Assessment | $4,326,100 | Total Assessment | $5,195,700 |
Property Taxes
