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 rental housing, retail or mixed use, this site holds immense potential! Offers welcomed!
Active
Listed by: COMPASS • Mary Pong
$2,490,000
5520 University Way NE, Seattle, WA 98105
--beds
--baths
7,440Square Feet
Unimproved Land
Built in ----
7,440 Square Feet Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 81 days |
- 57 |
- 1 |
Zillow last checked:
Listing updated:
Listed by:
Mary Pong,
COMPASS
Source: NWMLS as distributed by MLS GRID,MLS#: 2531005
Facts & features
Interior
Features
- Has fireplace: No
Interior area
- Total structure area: 0
Property
Features
- Has view: Yes
- View description: Territorial
Lot
- Size: 7,440 Square Feet
- Dimensions: 80' x 93'
- Features: Curbs, Open Lot, Paved, Sidewalk
- Topography: Level
Details
- Parcel number: 8714600055
- Zoning: NC2P-40
- Zoning description: Business,Commercial,Multi-Family,Office,Residential,Retail,Jurisdiction: City
- Special conditions: Standard
Utilities & green energy
- Electric: In Street
- Gas: In Street
- Sewer: In Street
- Water: Available, In Street, Jurisdiction: SPU
- Utilities for property: Electricity Available, Natural Gas Available
Community & HOA
Community
- Subdivision: University District
Location
- Region: Seattle
Financial & listing details
- Annual tax amount: $22,021
- Date on market: 3/23/2025
- Cumulative days on market: 517 days
- Listing terms: Conventional
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
$3,102/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/1/2026 | Listed for sale | $2,490,000 |
Source:  NWMLS as distributed by MLS GRID #2531005 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Climate risks
Neighborhood: University District
Nearby schools
GreatSchools rating
- 7/10Green Lake Elementary SchoolGrades: PK-5Distance: 0.9 mi
- 8/10Hamilton International Middle SchoolGrades: 6-8Distance: 1.4 mi
- 10/10Lincoln High SchoolGrades: 9-12Distance: 1.4 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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