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Listing Firm: COMPASS: Mary Pong

Active
NWMLS # 2345797

$2,999,950

  • - Beds
  • - Baths
  • - Sq.ft.

5520 University Way NE, Seattle, WA 98105-3521

Listings with the three tree icon are courtesy of NWMLS

About This Property

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!

Aris360 Last Checked: Just Now (May 27, 2025 09:52 PM)

  • Source: NWMLS as Distributed by MLS Grid #2345797

    Listing provided courtesy of Northwest Multiple Listing Service (NWMLS)

Location

  • Country: US
  • Neighborhood: University
  • Zip/Postal Code: 98105
  • City: Seattle

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$3,847 per month
Principal & Interest
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Property Features

  • County
    • University District
  • Community
    • 710 - North Seattle
  • MLS Area
    • 710 - North Seattle
  • Longitude
    • -122.312671
  • Latitude
    • 47.669142
  • Project
    • Turner H S & Cos University
  • Directions
    • Use GPS for directions.

  • Style
    • 43 - Comm/Industrial
  • Lot Description
    • Curbs,
    • Open Space,
    • Paved,
    • Sidewalk,
  • Topography
    • Level
  • Elevation
    • Feet
  • Water Source
    • Available,
    • In Street,
  • Septic or Sewer
    • In Street,
  • Building Total Area (Sq. Ft.)
    • 7440
  • Has View
    • Yes
  • Utilities
    • Electricity Available,
    • Natural Gas Available,
  • View Description
    • Territorial,

  • High School District
    • Seattle

  • Possession
    • Closing,
    • See Remarks,
    • Tenant's Rights,
    • Subject to Tenant Rights,
  • Property Type
    • Land
  • Property SubType
    • Land
  • Tax Year
    • 2024
  • Structure Type
    • Other,
  • Tax Amount
    • $22021.16
  • Status
    • Active
  • Project
    • Turner H S & Cos University

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Disclaimer: Based on information submitted to the MLS GRID as of Tue May 27 2025 . All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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.

May 27, 2025 09:52 PM