4329 University Way Northeast Seattle, WA 98105
For Lease
This exceptional 10,169 square foot retail property, known as the Varsity Theater, presents a unique investment opportunity in the vibrant Seattle, Washington market. Located at 4329 University Way NE, in the heart of King County, this single-tenant space offers significant potential for a variety of retail uses. The building's substantial size provides ample room for creative adaptation and expansion. The property's classification as a theater suggests a rich history and potential for a unique retail experience. Its prime location in Seattle's dynamic University District offers high visibility and accessibility, attracting a diverse customer base. The address, 4329 University Way NE, zip code 98105, places the property within a thriving commercial corridor, benefiting from high foot traffic and proximity to various amenities. This single-tenant occupancy provides a streamlined management structure, making it an attractive option for both established businesses and ambitious entrepreneurs. The property's size and location make it an ideal candidate for a variety of retail concepts, from entertainment venues to specialty stores. Further investigation into the property's history and zoning regulations is encouraged to fully assess its potential. This is a rare opportunity to acquire a substantial retail space in a highly desirable Seattle location. The property is categorized as retail, with a subtype of theater, offering a unique blend of historical character and modern commercial potential.
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The Varsity Theatre Cinema Theater & Performing Art Venue
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
NC3P-65 · Seattle, WASeattle. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.