12901 Newcastle Way, Newcastle, WA 98506 (MLS # 2494386)

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Listing provided courtesy of Northwest MLS; Ewing & Clark, Inc.

PRICE $2,250,000 dsIDX morgage calculator
BEDS 0
BATHS 0
HOME SIZE n/a
LOT SIZE 27,652 sqft

Newcastle Development Site, a rare 27,635 square foot development opportunity located just outside of Bellevue, Washington. While the zoning is flexible and would allow the future purchaser the opportunity to permit the parcel to their specific needs, the current owner has put together a detailed site plan and feasibility study. The site plan consists of 27 townhouse units averaging 1,680 square feet each, over a parking garage comprised of 33 stalls and one 4,500 square-foot retail storefront. With the area's strong housing demand, the market directly surrounding the site is one of the best in the nation, creating the perfect opportunity for a developer to invest in this townhome layout and provide options for those who want to own in the area. (Note: Property shares same address as Newcastle Library, property for sale is behind the library.)

LAST UPDATED 3/18/2026 TRACT Newcastle
YEAR BUILT 0 COMMUNITY Newcastle
COUNTY King STATUS Active
PROPERTY TYPE(S) Lot/Land/Acreage


ADDITIONAL DETAILS
AREA 500 - East Side/South of I-90
HEAT None
LOT 0.6348 acre(s)
MLS STATUS Active
STYLE 42 - Multi-Family
SUBDIVISION Newcastle
TAXES 10875
UTILITIES Electricity Available, Natural Gas Available
ZONING Business,Commercial,Multi-Family,Office,Residential,Retail
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Properties with the Logo icon are courtesy of Northwest MLS.

Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 3/18/26 5:16 PM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 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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