5520 University Way NE · Seattle, WA 98105
Source: NWMLS · COMPASS · Mary Pong #NWM2531005
About this home
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!
Location
Basics
- Property type
- Land
- Style
- Comm/Industrial
- Lot size
- 7,440 sq ft (0.17 acres)
- County
- King
- MLS #
- NWM2531005
Interior
- Heating
- None
- Cooling
- None
Exterior & lot
- Lot features
- Curbs, Open Space, Paved, Sidewalk
- Topography
- Level
- View
- Territorial
- Waterfront
- No
Utilities
- Water
- Available, In Street
- Sewer
- In Street
- Utilities
- Electricity Available, Natural Gas Available
Community & fees
- Subdivision
- University District
- Property tax
- $22,021 (2024)
Transaction
- Listed on
- Jun 1, 2026
- Days on market
- 545
- Listing terms
- Cash, Conventional
- Possession
- Closing, See Remarks, Subject To Tenant Rights
More homes nearby
Schools
School district: Seattle
- High
- Lincoln High SchoolSchoolDigger 5 stars · Top 3% in WA
Listing provided courtesy of: COMPASS
Listing agent: Mary Pong.
Based on information submitted to the MLS GRID as of —. 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. IDX information provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Data last updated 2026-06-19.