Mixed-Use Development
For Sale
$2,150,000
12901 Newcastle, Newcastle, WA 98056
Land parcel behind the Newcastle Library includes an existing site plan for 27 townhomes and structured parking plus retail/commercial space.
Property Size4,500 SF
Price / SF$477.78
Days on Market89
Property Features for 12901 Newcastle
General Information
Standard status
Active
Size
4,500 SF
Total Parking Spaces
33
Property subtype
Land
Additional Details
Multifamily Units
27
Listing Agency:
Berkshire Hathaway HS NW
Listed By:
Martin J. Ho
(206) 363-8509
Source:
Century21northhomes
Added: May 13
Changed: Aug 8
Last Checked: Jul 10 at 3:33PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Berkshire Hathaway HS NW
Investment Insights
Based on property information with market context.
This offering is a development land parcel located behind the Newcastle Library. The current owner has completed extensive preliminary planning, including a detailed site plan and feasibility study for a proposed mixed-use project featuring 27 townhome residences. The plan also contemplates structured parking and includes a retail/commercial component.
The proposed concept is positioned as a mixed-use live-work environment, with the residences situated above a structured parking garage providing 33 parking stalls. The planning materials further identify an additional 4,500-square-foot retail/commercial space within the overall development.
The owner notes flexible zoning and a permitting strategy that could support the existing concept or other alternative development scenarios. The property is presented as a Newcastle development opportunity just minutes from Bellevue, Coal Creek, and the Eastside.
The proposed concept is positioned as a mixed-use live-work environment, with the residences situated above a structured parking garage providing 33 parking stalls. The planning materials further identify an additional 4,500-square-foot retail/commercial space within the overall development.
The owner notes flexible zoning and a permitting strategy that could support the existing concept or other alternative development scenarios. The property is presented as a Newcastle development opportunity just minutes from Bellevue, Coal Creek, and the Eastside.
Key Highlights
- 27,635 SF land parcel behind the Newcastle Library, with an existing development site plan.
- Planning includes 27 townhome residences averaging approx. 1,680 SF each.
- Proposed structured parking garage with 33 parking stalls for the townhome development.
Property Analytics
Current Use
Lease Details
27
Residential units
Location Intelligence
Trade Area within ½ mile
501
Businesses Nearby
Explore this area
Business Placement
Demographics for 98056, WA
36,344
Population
15,609
Households
2.3
Avg Household Size
38
Median Age
44%
College-Educated
88%
High-School Grad
7.6 sq mi
ZIP Area
4,782
Density / Sq Mi
$108,596
Median Household Income
$59,170
Median Earnings
$1,992
Median Rent
$726,300
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential land & home lot - Land parcel behind the Newcastle Library includes an existing site plan for 27 townhomes and structured parking plus retail/commercial space.
Where is this residential land & home lot located?
The property is located at 12901 Newcastle Newcastle, WA.
What is the asking price?
The asking price for this property is $2,150,000.
What are key features of this property?
This property features: 27,635 SF land parcel behind the Newcastle Library, with an existing development site plan.; Planning includes 27 townhome residences averaging approx. 1,680 SF each.; Proposed structured parking garage with 33 parking stalls for the townhome development.
