5520 University Way NE, Seattle, WA 98105 (MLS # 2345797)
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Listing provided courtesy of Northwest MLS; COMPASS
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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!
| LAST UPDATED | 4/11/2025 | TRACT | University District |
|---|---|---|---|
| YEAR BUILT | 0 | COMMUNITY | University District |
| COUNTY | King | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| ADDITIONAL DETAILS | |
| AREA | 710 - North Seattle |
|---|---|
| HEAT | None |
| LOT | 7440 sq ft |
| LOT DESCRIPTION | Curbs, Open Space, Paved, Sidewalk |
| LOT DIMENSIONS | 80' x 93' |
| MLS STATUS | Active |
| STYLE | 43 - Comm/Industrial |
| SUBDIVISION | University District |
| TAXES | 22021.16 |
| UTILITIES | Electricity Available, Natural Gas Available |
| VIEW | Yes |
| VIEW DESCRIPTION | Territorial |
| ZONING | Business,Commercial,Multi-Family,Office,Residential,Retail |
TOTAL MONTHLY PAYMENT
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Properties with the 
icon are courtesy of Northwest MLS.
Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 7/2/25 6:26 AM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 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.
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