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Varsity Theater Space for Rent
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4329 University Way Northeast, Seattle, WA 98105

Theater space with large auditorium in high-traffic area.

Property Size10,169 SF
Days on Market251

Property Features for 4329 University Way Northeast

General Information

Standard status Active
Size 10,169 SF
Property subtype Retail
Listing Agency: CBRE
Listed By: Jennifer Seversen
Source: Cbre
Added: Nov 22, 2025 Changed: Jul 6 Last Checked: Jul 30 at 4:05AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE

Investment Insights

Based on property information with market context.

The Varsity property features three theaters, including a primary auditorium with approximately 300 seats on the first level. Additional theaters on the second level offer seating for approximately 130 and 90 people respectively. The property is located between NE 43rd and NE 45th in a high-traffic area, specifically on The Ave, and is situated across the street from the University of Washington Bookstore. The total property size is 10169 square feet. Reconfiguration of the space is possible for a long-term user.

Key Highlights

  • High foot‑traffic location on The Ave.
  • Includes a large ±300 seat auditorium.
  • Two additional theaters with ±130 and ±90 seats.

Property Analytics

Current Use

The Varsity Theatre Cinema

Suggested Use

Top Pick HVAC Service Electrical Service Florist Home Appliance Store Nursing Home (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

3,567
Businesses Nearby

Demographics for 98105, WA

49,151
Population
20,582
Households
2.4
Avg Household Size
27
Median Age
77%
College-Educated
99%
High-School Grad
3.8 sq mi
ZIP Area
12,934
Density / Sq Mi
$78,691
Median Household Income
$34,947
Median Earnings
$1,803
Median Rent
$1,261,100
Median Home Value
Rey
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Frequently Asked Questions

What type of property is this?
Theater & concert hall - Theater space with large auditorium in high-traffic area.
Where is this theater & concert hall located?
The property is located at 4329 University Way Northeast Seattle, WA.
What are key features of this property?
This property features: High foot‑traffic location on The Ave.; Includes a large ±300 seat auditorium.; Two additional theaters with ±130 and ±90 seats.
More about this property
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