12901 Newcastle Way, Newcastle, WA 98056

Listing Firm: Berkshire Hathaway HS NW (425-453-9100). Listings with the three tree icon are courtesy of NWMLS.

12901 Newcastle Way

Newcastle, WA 98056

LISTING #2535325

ACRES 0.6

REQUEST DETAILS SCHEDULE A SHOWING

$2,150,000

STATUS Active

YEAR BUILT None

PROPERTY TYPE Land

ABOUT THIS PROPERTY

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

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Location Information

County King

Community Renton / Newcastle

Latitude 47.537531

Longitude -122.167467

Directions Heading South take Exit 9 from I-405. Continue on Lake Washington Blvd SE. Take Newcastle Way to 129th Ave SE in Newcastle.

Subdivision Name Newcastle

Interior Features

Has Fireplace No

Number of Fireplaces 0

Exterior Features

Style Multi-Family

Utilities Electricity Available, Natural Gas Available

Water Source In Street

Septic or Sewer In Street

Lot Features Curbs, Paved, Sidewalk

Topography Level

Lot Size in Acres 0.6348

Lot Size in Sq. Ft. 27,653

Has Waterfront No

Has View No

School

High School District Issaquah

Additional Information

Possession Closing

Property Type Land

Property Subtype Land

Structure Type None

Status Active

Tax Year 2026

Tax Amount $10,875

Lot Acres Source KCR

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