Mercer Island, WA Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Mercer Island, Washington Market population: 23K. Compare commercial properties across all major asset classes...
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12 properties found
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⭐ Featured
Strategic Oakland Investment: 5476 Vicente Way in High-Demand 94609 Zip Code
$1,200,000
Oakland
Multifamily
Cap Rate
2.70%
NOI
$32,400
Size
1,800 SF
📊 Avg Property Tax Rate For Mercer Island WA Properties: 0.6600%
⭐ Featured
High-Cap-Rate Value-Add Multifamily Investment in Oakland
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,323
Size
6,104 SF
Investor Questions For Mercer Island WA
Common questions from investors exploring commercial real estate in Mercer Island WA.
What makes Mercer Island, WA an attractive market for real estate investment?
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The combination of a high median household income of $126,359, low poverty rate of 4.6%, and high health insurance coverage of 97.7% suggests a stable and affluent market with strong demand for quality housing, while the top industries in Manufacturing, Information, and Finance & Insurance also indicate a diverse and growing economy.
How does the demographic diversity of Mercer Island impact the local real estate market?
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The ethnic diversity of Mercer Island, with a mix of White, White Non-Hispanic, and Asian populations, contributes to a vibrant and inclusive community, which can attract a wide range of residents and support a stable rental market, especially when combined with the relatively low poverty rate and high employment rate of 10,344 employed individuals.
What are the key factors that influence the quality of life for residents in Mercer Island and how do they impact real estate investment?
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The average commute time of 21.7 minutes, top commute methods including driving alone, working from home, and public transit, and high health insurance coverage rate all contribute to a high quality of life, making Mercer Island an attractive location for residents and a stable market for real estate investors, with a strong demand for housing driven by the area's desirable lifestyle.
How does the local economy and industry diversity impact the real estate market in Mercer Island?
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The diverse economy of Mercer Island, with top industries in Manufacturing, Information, and Finance & Insurance, provides a strong foundation for job growth and stability, which in turn supports a healthy real estate market, while the median property value of $864,000 and median property taxes of $6,908 also indicate a high-value market with potential for long-term appreciation.
What are the implications of the high homeownership rate and median property value for real estate investors in Mercer Island?
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The high homeownership rate of 69.6% and median property value of $864,000 suggest a market with strong demand for owner-occupied housing, but also present opportunities for investors to capitalize on the rental market, particularly when considering the relatively low poverty rate, high health insurance coverage, and diverse economy, which all contribute to a stable and attractive investment environment.
Mercer Island WA Real Estate & City Facts
Key facts and real estate information about Mercer Island WA.
What are some of the best neighborhoods to live in Mercer Island?
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Some of the best neighborhoods to live in Mercer Island include the North End, Mid-Island, East Mercer, West Mercer, and South End. Each neighborhood has its own unique character, with the North End being the largest and most defined, and the South End being more desirable and expensive. Additionally, there are smaller waterfront neighborhoods like Faben Point and Fruitland that offer shared waterfront communities like Sterling Cove and El Dorado Beach Club.
What are some fun things to do in Mercer Island?
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There are plenty of fun things to do in Mercer Island, including visiting Luther Burbank Park, which has an amphitheater, BBQs, benches, and a fishing pier. You can also check out the Mercer Island Farmers Market, Pioneer Park, and Secret Park. If you're looking for something more unique, you can visit the CLARKE & CLARKE Art + Artifacts or take a stroll along the waterfront at Groveland Beach Park.
What is the food scene like in Mercer Island?
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The food scene in Mercer Island is diverse and offers a range of options, from upscale restaurants to casual eateries. Some popular restaurants include The Crawlspace Gastropub, Vivienne's Bistro, Allister, and Roanoke Inn. You can also find Asian cuisine at Vivienne's Bistro or try some pub food at The Crawlspace Gastropub. There are also plenty of great food trucks and cafes in the area, like Mioposto and Pogacha Restaurant & Bar.
What are the pros and cons of living in Mercer Island?
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The pros of living in Mercer Island include its beautiful parks and beaches, excellent schools, and convenient location. However, the cons include the high cost of living, with median house prices being quite expensive, and the potential for traffic congestion. Additionally, some areas of the island can be quite crowded and noisy, especially during peak season. Overall, Mercer Island is a great place to live for those who value its unique blend of natural beauty, community, and convenience.
Is Mercer Island a good place to live?
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Mercer Island is a great place to live for those who value its unique blend of natural beauty, community, and convenience. With its excellent schools, beautiful parks and beaches, and convenient location, it's an ideal choice for families and professionals alike. However, it's worth considering the high cost of living and potential traffic congestion before making a decision. Ultimately, whether or not Mercer Island is a good place to live depends on your individual priorities and preferences.
⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Apartment Building with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Apartment Building
Cap Rate
7.97%
NOI
$183,300
Size
0 SF
📊 Average Income For Mercer Island WA Commercial Property: $126,359
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⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Property with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,324
Size
0 SF
⭐ Featured
Prime 18-Unit Multifamily Investment in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
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⭐ Featured
Prime Value-Add Opportunity: 8-Unit Multifamily Asset in San Fernando, CA
$1,750,000
San Fernando
Multifamily
Cap Rate
6.66%
NOI
$116,550
Size
5,040 SF
⭐ Featured
Prime Valley Village Multifamily: 48-Unit Modern Apartment Complex with 3.39% Cap Rate
$30,000,000
Valley Village
Multifamily
Cap Rate
3.39%
NOI
$1,017,000
Size
52,393 SF
⭐ Featured
Prime San Fernando Multifamily: 5-Unit Value-Add Opportunity with 7.76% Cap Rate
$1,275,000
San Fernando
Multifamily
Cap Rate
7.76%
NOI
$98,945
Size
10,888 SF
⭐ Featured
Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127
$2,450,000
Miami
Multifamily (Condo)
Cap Rate
%
NOI
$0
Size
30,000 SF
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⭐ Featured
Prime Investment Opportunity: 1531 Green St, Philadelphia, PA - Value-Add Multifamily Asset
$1,375,000
Philadelphia
Multifamily
Cap Rate
%
NOI
$0
Size
6,624 SF
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