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.
Save
Ask
Tour
Hide
Share
Listing Snapshot
Price
$4,950,000
Days On Site
77 Days
Bedrooms
N/A
Inside Area (SqFt)
0 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.2975 Acres
Year Built
N/A
MLS® Number
2549382
Status
Active
Property Tax
$46,368
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
React
Invite
Recent Activity
a month ago
Listing updated with changes from the MLS®
2 months ago
Status changed to Active
3 months ago
Listing first seen on site
General Features
Acres
0.2975
Additional Property Use
CommercialMulti-FamilySee Remarks
Utilities
Electricity AvailableNatural Gas AvailableSewer Available
Zoning
NC2(M)
Save
Ask
Tour
Hide
Share
Community Features
MLS Area
710 - North Seattle
School District
Seattle
Financing Terms Available
CashConventional
Roads
Paved
Schools
School District
Seattle
Elementary School
Laurelhurst
Middle School
Eckstein Mid
High School
Roosevelt High
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: 2026-09-16 05:39 PM PDT
Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.