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.