Urban Development Site Zoned
For Sale
$2,490,000
5520 University, Seattle, WA 98105
A 7,440 sf development parcel in an up-zone area near transit and the University of Washington.
Property SizeContact for details
Days on Market115
Property Features for 5520 University
General Information
Standard status
Active
Property subtype
Land
Zoning
NC2P-40
Listing Agency:
COMPASS
Listed By:
Mary Pong
(206) 363-8509
Source:
Century21northhomes
Added: May 5
Changed: Aug 21
Last Checked: Aug 14 at 6:09AM
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 COMPASS
Investment Insights
Based on property information with market context.
This offering presents a 7,440 sf development lot currently zoned NC2P-40, positioned within an up-zone area for the U-District. The site is being marketed as a flexible platform for redevelopment, including potential for additional height, described in the remarks as an opportunity for the height limit to increase from 40' to 65'.
The property is located just blocks from the University of Washington and the new Roosevelt light rail station, with convenient proximity to Ravenna Park and Green Lake. The area also includes shopping and daily needs retail, including U-Village Shopping Center, Whole Foods, and Trader Joes, along with nearby bars and eateries.
For developers and land buyers, the lot’s NC2P-40 zoning and stated up-zone context support consideration of residential, retail, or mixed-use concepts. Its location near major employment and transit hubs may be particularly relevant for users seeking walkable, transit-accessible demand drivers, based on the surrounding amenities and access described with the offering.
The property is located just blocks from the University of Washington and the new Roosevelt light rail station, with convenient proximity to Ravenna Park and Green Lake. The area also includes shopping and daily needs retail, including U-Village Shopping Center, Whole Foods, and Trader Joes, along with nearby bars and eateries.
For developers and land buyers, the lot’s NC2P-40 zoning and stated up-zone context support consideration of residential, retail, or mixed-use concepts. Its location near major employment and transit hubs may be particularly relevant for users seeking walkable, transit-accessible demand drivers, based on the surrounding amenities and access described with the offering.
Key Highlights
- 7,440 SF development parcel in the U‑District
- Zoned NC2P‑40, located in an up‑zone area for the U‑District
- Blocks from the University of Washington
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
17,023
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - A 7,440 sf development parcel in an up-zone area near transit and the University of Washington.
Where is this residential land & home lot located?
The property is located at 5520 University Seattle, WA.
What is the asking price?
The asking price for this property is $2,490,000.
What are key features of this property?
This property features: 7,440 SF development parcel in the U‑District; Zoned NC2P‑40, located in an up‑zone area for the U‑District; Blocks from the University of Washington
