Development Lot in Urban
For Sale
$2,490,000
5520 University Way Ne, Seattle, WA 98105
Commercially zoned lot in Seattle’s U-District near major transit and retail corridors, suited for redevelopment planning.
Property SizeContact for details
Days on Market88
Property Features for 5520 University Way Ne
General Information
Standard status
Active
Property subtype
Land
Zoning
NC2P-40
Taxes and HOA fees
Annual Taxes
$22,021
Listing Agency:
COMPASS
(425) 242-6440
Listed By:
Mary Pong
(425) 242-6440
Source:
Exprealty
Added: Jun 1
Changed: Aug 14
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 consists of a 7,440-square-foot development lot at 5520 University Way NE in Seattle. The property is currently zoned NC2P-40, located within a future up-zone area for the U-District. The remarks also indicate a possible height limit increase from 40 feet to 65 feet, subject to applicable approvals and development requirements.
The site is positioned in the heart of the U-District, just blocks from the University of Washington and near the new Roosevelt light rail station. The surrounding area is described as walkable to destinations including Ravenna Park, Green Lake, U-Village Shopping Center, Whole Foods, Trader Joe’s, and local bars and eateries, supporting a mixed-use tenant and consumer base.
For developers and investors seeking an urban infill location, this land parcel presents a practical opportunity to plan for new residential, retail, or mixed-use development consistent with the stated zoning and up-zone context. The combination of transit proximity and a confirmed baseline zoning designation can help frame early site design and entitlement strategy for future uses in the U-District.
The site is positioned in the heart of the U-District, just blocks from the University of Washington and near the new Roosevelt light rail station. The surrounding area is described as walkable to destinations including Ravenna Park, Green Lake, U-Village Shopping Center, Whole Foods, Trader Joe’s, and local bars and eateries, supporting a mixed-use tenant and consumer base.
For developers and investors seeking an urban infill location, this land parcel presents a practical opportunity to plan for new residential, retail, or mixed-use development consistent with the stated zoning and up-zone context. The combination of transit proximity and a confirmed baseline zoning designation can help frame early site design and entitlement strategy for future uses in the U-District.
Key Highlights
- Commercially zoned 7,440 SF lot in Seattle’s U‑District
- Currently zoned NC2P‑40, located in a future upzone area of the U‑District
- Blocks from the University of Washington and near the new Roosevelt light rail station
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,653
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 - Commercially zoned lot in Seattle’s U-District near major transit and retail corridors, suited for redevelopment planning.
Where is this residential land & home lot located?
The property is located at 5520 University Way Ne 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: Commercially zoned 7,440 SF lot in Seattle’s U‑District; Currently zoned NC2P‑40, located in a future upzone area of the U‑District; Blocks from the University of Washington and near the new Roosevelt light rail station
