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Listed by:Ewing & Clark, Inc. • J. Casey Losh
$ 2,250,000
Est. payment | /mo
0.63 Acres Lot
$ 2,250,000
Est. payment | /mo
0.63 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Active
Purchase Type For Sale
Subdivision Newcastle
MLS Listing ID 2494386
Style 42 - Multi-Family
Annual Tax Amount $10,875
Lot Size 0.635 Acres
Property Sub-Type Land
Property Description
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.)
Location
State WA
County King
Area 500 - East Side/South Of I-90
Interior
Fireplace false
Exterior
Utilities Available Electricity Available, Natural Gas Available
View Y/N No
Building
Sewer In Street
Water In Street
Schools
School District Issaquah
Others
Senior Community No
Acceptable Financing Cash
Listing Terms Cash
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Nearby Locations
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