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

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!

34 days

85

1

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: 470 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

Estimated monthly payment$1,822

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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