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Listed by:Best Choice Realty LLC • Sherry Zuo
$4,950,000
Est. payment /mo
0.3 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Active
Purchase Type For Sale
Subdivision University District
MLS Listing ID 2549382
Style 42 - Multi-Family
Annual Tax Amount $46,368
Lot Size 0.298 Acres
Property Sub-Type Land
Property Description
Prime development land in Seattle's University District — one block from UW's central campus, steps from U District Link light rail, and flanked by the retail corridor along University Way and 15th Ave NE. Three contiguous parcels totaling 12,960 SF, zoned NC2-75(M) and NC2-65(M1), supporting multifamily, student housing, and ground-floor commercial with mixed-use FAR up to 6.0. Sites of this size and zoning quality adjacent to UW rarely come to market. Priced at $4,950,000 — well below King County assessed value — offering immediate equity and full development flexibility. An exceptional opportunity for developers and investors seeking premium entitled land with the greatest investment value in Seattle's most supply-constrained university submarket.
Location
State WA
County King
Area 710 - North Seattle
Interior
Fireplace false
Exterior
Utilities Available Electricity Available, Natural Gas Available
View Y/N No
Building
Sewer Available
Water Available
Schools
Elementary Schools Laurelhurst
Middle Schools Eckstein Mid
High Schools Roosevelt High
School District Seattle
Others
Senior Community No
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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NEARBY SCHOOL & BUSINESS
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