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7707 SE 29th St 0.52 Acres of Commercial Land in Mercer Island, WA 98040
Executive Summary
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.
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 |
Moderately walkable
70/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 531510-1076 | Improvements Assessment | $1,235,623 CAD |
| Land Assessment | $6,146,999 CAD | Total Assessment | $7,382,622 CAD |
Property Taxes
Parcel Number
531510-1076
Land Assessment
$6,146,999 CAD
Improvements Assessment
$1,235,623 CAD
Total Assessment
$7,382,622 CAD
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7707 SE 29th St
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