$2,999,950
For Sale

5520 University Way NE

Seattle, WA 98105
Listing OfficeCOMPASS
Browse 18 photos
Type:Purchase
Structure:Land
Zone:Residential

Description

Discover an exceptional development opportunity located in the vibrant heart of the U-District. Situated just blocks away from the University of Washington and the new Roosevelt light rail station, this property offers unparalleled convenience & connectivity. This location promises a dynamic urban lifestyle w/proximity to Ravenna Park, Green Lake, U-Village Shopping Center, Whole Foods, Trader Joes, bars & eateries. The 7440 sf lot is currently zoned NC2P-40, in future up zone area of U-District! Seize the opportunity with this ideal development site. Not only a prime location, and w/possible height limit increasing from 40' to 65'. Whether you are looking to invest in student housing, retail or mixed use, this site holds immense potential!

  • Property Details
      • Utility FeaturesElectricity Available, Natural Gas Available
      • Lot DescriptionCurbs, Open Space, Paved, Sidewalk
      • Utility SourceAvailable, In Street
      • Style43 - Comm/Industrial
      • SubdivisionUniversity District
      • Date ListedMarch 23, 2025
      • ViewTerritorial
      • Original List Price$2,999,950
      • Structure TypeIndustrial
      • Sewer InformationIn Street
      • Property TypePurchase
      • School DistrictSeattle
      • Taxes Annual$22,021
      • MLS #2345797
      • Cost2999950
      • MLS #2345797
      • Acres0.1708
      • CountyKing
      • Property SubtypeLand
      • Days on Market (Cumulative)10

Location

Real Property Associates, Inc.
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