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12901 Newcastle Way - Newcastle Development Site 0.63 Acres of Commercial Land Offered at $2,495,000 in Newcastle, WA 98056
INVESTMENT HIGHLIGHTS
- Flexible Zoning
- 41 proposed parking spaces
- 14-minute drive to downtown Bellevue
- 16-minute drive to downtown Seattle
EXECUTIVE SUMMARY
CBRE is pleased to exclusively offer to the market the Newcastle Development Site, a rare 27,635 square foot development opportunity located in the city of Newcastle 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.
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.
PROPERTY FACTS
| Price | $2,495,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Hold For Development |
| No. Lots | 1 | Total Lot Size | 0.63 AC |
| Property Type | Land | ||
| Zoning | CB | ||
| Price | $2,495,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Hold For Development |
| Total Lot Size | 0.63 AC |
| Zoning | CB |
1 LOT AVAILABLE
Lot
| Price | $2,495,000 | Lot Size | 0.63 AC |
| Price Per AC | $3,960,317.46 |
| Price | $2,495,000 |
| Price Per AC | $3,960,317.46 |
| Lot Size | 0.63 AC |
Walk Score®
Very Walkable (71)
PROPERTY TAXES
| Parcel Number | 282405-9153 | Improvements Assessment | $0 |
| Land Assessment | $940,200 | Total Assessment | $940,200 |
PROPERTY TAXES
Parcel Number
282405-9153
Land Assessment
$940,200
Improvements Assessment
$0
Total Assessment
$940,200
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12901 Newcastle Way - Newcastle Development Site
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