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$2,490,000
55 Days On Site

5520 University Way NE
Seattle, WA 98105

For Sale|Land|Active
Cumulative Days On Market:
490
Subdivision:
University District
County:
King
Courtesy of NWMLS
Listing courtesy of Mary Pong of COMPASS
Call Now: (408) 868-2620
Is this the listing for you? We can help make it yours.
(408) 868-2620
5520 University Way NE5520 University Way NE5520 University Way NE5520 University Way NE
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Discover an exceptional development opportunity located in the vibrant heart of the U-District. Situated just blocks away from the University of Washington and the new Roosevelt light rail station, this property offers unparalleled convenience & connectivity. This location promises a dynamic urban lifestyle w/proximity to Ravenna Park, Green Lake, U-Village Shopping Center, Whole Foods, Trader Joes, bars & eateries. The 7440 sf lot is currently zoned NC2P-40, in future up zone area of U-District! Seize the opportunity with this ideal development site. Not only a prime location, and w/possible height limit increasing from 40' to 65'. Whether you are looking to invest in rental housing, retail or mixed use, this site holds immense potential! Offers welcomed!

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Listing Snapshot
Price 
$2,490,000
Days On Site 
55 Days
Bedrooms 
N/A
Inside Area (SqFt) 
0 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.1708 Acres
Year Built 
N/A
MLS® Number 
2531005
Status 
Active
Property Tax 
$22,021.16
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
a month agoListing updated with changes from the MLS®
2 months agoListing first seen on site
General Features
Acres 
0.1708
Additional Property Use 
CommercialMulti-FamilyOfficeResidentialRetail
Utilities 
Electricity AvailableNatural Gas Available
Zoning 
NC2P-40
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Exterior Features
Lot Features 
LevelPaved
View 
Territorial
Waterview 
Territorial
Community Features
Financing Terms Available 
CashConventional
MLS Area 
710 - North Seattle
Roads 
Paved
School District 
Seattle
Schools
School District
Seattle
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Courtesy of NWMLS
Listing courtesy of Mary Pong of COMPASS



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: 2026-07-26 08:35 PM PDT

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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*Estimate only. Actual rebate may vary based on final price, lender requirements, MLS rules, and broker policies.

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