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Property profile & analytics
FOR LEASE
Theaters & concert halls

4329 University Way Northeast Seattle, WA 98105

10,169 SF 0.09 ac lot Built 1921
Entity Owned 14-yr Hold Free & Clear
Property ID
US90-1282257
4329 University Way Northeast, Seattle, WA 98105 For Lease
Contact for pricing 10,169 SF available
4329 University Way Northeast, Seattle, WA 98105
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Property summary
AI-generated overview

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.

Property profile
Verified
Property type Theaters & concert halls
Use group THEATER (MOVIE)
Year built 1921
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 10,169 SF
Lot 0.09 ac (4,120 SF)
Zoning code NC3P-65
APN 114200-0145
UPID US90-1282257
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • The Varsity Theatre Cinema Theater & Performing Art Venue
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Udpa 4329 LLC · 14 yrs held
Udpa 4329 LLC
since 2011
3 recorded transactions
2011
$1.1M
1999
Price N/A
1992
Price N/A
Zoning & alternative use
NC3P-65 · Seattle, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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