Exceptional Newcastle development opportunity offering 27,635 square feet of prime land just minutes from Bellevue, Coal Creek, and the Eastside. Development sites of this scale and location are increasingly difficult to find, this property offers a unique chance to create much-needed housing in one of the Puget Sound region's strongest real estate markets. The current owner has completed extensive preliminary planning, including a detailed site plan and feasibility study featuring 27 townhome residences averaging approximately 1,680 square feet each, situated above a structured parking garage with 33 parking stalls and complemented by a 4,500-square-foot retail/commercial space. The proposed mixed-use concept creates the potential for a vibrant live-work environment while maximizing the site's development potential. Flexible zoning provides the opportunity to pursue a flexible vision and permitting strategy, whether advancing the existing concept or exploring alternative development scenarios. Surrounded by strong demographics, excellent schools, major employers, shopping, dining, parks, and convenient access to Bellevue, Seattle, and regional transportation corridors, the location offers compelling fundamentals for long-term success. Property shares the same address as the Newcastle Library. The parcel being offered for sale is located behind the library.
Property Details
- Lot Features
- Curbs, Paved, Sidewalk
- Lot Description
- Curbs, Paved, Sidewalk
- Acres
- 0.6348
- Square Feet
- 0.0
- Property Type
- Purchase
- Style
- 42 - Multi-Family
- Sewer Information
- In Street
- Utility Source
- In Street
- Utility Features
- Electricity Available, Natural Gas Available
- Subdivision
- Newcastle
- School District
- Issaquah
- County
- King
- Region
- Newcastle
- Zoning
- DT
- Original List Price
- $2,150,000
- Days on Market (Cumulative)
- 99
- Taxes Annual
- $10,875
- HOA Fees
- 0.0
- MLS #
- 2535325
- Property Subtype
- Land
- Parcel Number
- 2824059153
- MLS #
- 2535325
- Date Listed
- June 05, 2026
- Address
- 12901 Newcastle Way
Location
Legal
The information contained in this listing has not been verified by Northwest Multiple Listing Service (NWMLS) - WA and should be verified by the buyer.
Based on information submitted to the MLS GRID as of 2026-06-05T18:55:12Z. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Provided By
Listed by Martin J. Ho (#NWM102487)
Listing Office: Berkshire Hathaway HS NW (#NWM5301)
