Prime development land in Seattle's University District — one block from UW's central campus, steps from U District Link light rail, and flanked by the retail corridor along University Way and 15th Ave NE. Three contiguous parcels totaling 12,960 SF, zoned NC2-75(M) and NC2-65(M1), supporting multifamily, student housing, and ground-floor commercial with mixed-use FAR up to 6.0. Sites of this size and zoning quality adjacent to UW rarely come to market. Priced at $4,950,000 — well below King County assessed value — offering immediate equity and full development flexibility. An exceptional opportunity for developers and investors seeking premium entitled land with the greatest investment value in Seattle's most supply-constrained university submarket.
MORTGAGE CALCULATOR
$25,030
Estimate only — not a loan offer. Consult a lender for actual terms.
LISTING SNAPSHOT
Price$4,950,000
Bedrooms0
Full Baths0
Half Baths0
Inside Area (SqFt)N/A
Lot Size0.2975 Acres
Year Built0
MLS® Number2549382
StatusActive
Property Tax46368
HOA/Condo/Coop FeesN/A
GENERAL
Acres0.2975
Additional Property UseCommercial, Multi-Family, See Remarks
UtilitiesElectricity Available, Natural Gas Available, Sewer Available
ZoningNC2(M)
COMMUNITY
Financing Terms AvailableCash, Conventional
MLS Area710 - North Seattle
RoadsPaved
School DistrictSeattle
SCHOOLS
School DistrictSeattle
Elementary SchoolLaurelhurst
Middle SchoolEckstein Mid
High SchoolRoosevelt High
RECENT ACTIVITY
July 2, 2026Active
Listing courtesy of Best Choice Realty LLC
Courtesy of NWMLS
Listing courtesy of Sherry Zuo of Best Choice Realty LLC
Listing information is provided by Participants of the Northwest MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2026, Northwest MLS.
All data is obtained from various sources and may not have been verified by the broker or MLS Grid. Supplied open house information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Last checked: 2026-07-16 02:47 PM PDT
Listing courtesy of Sherry Zuo of Best Choice Realty LLC
Listing information is provided by Participants of the Northwest MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2026, Northwest MLS.
All data is obtained from various sources and may not have been verified by the broker or MLS Grid. Supplied open house information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Last checked: 2026-07-16 02:47 PM PDT
Comps
An estimate is not available for this listing.
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