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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.

Property Facts

Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Residential
Total Lot Size 0.91 AC

1 Lot Available

Lot

Lot Size 0.91 AC
Walk Score ®
Very Walkable (82)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

zoning

Zoning Code TC-4
TC-4
  • Listing ID: 30169999

  • Date on Market: 27/11/2023

  • Last Updated:

  • Address: 7433 SE 27th St, Mercer Island, WA 98040

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