5520 University Way NE

Seattle, WA 98105

$2,999,950
Price
7,440 / 0.17
Lot Size / Acres
Listed By Compass
Listed By Compass
Listing provided courtesy of Compass

Description

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!...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 student housing, retail or mixed use, this site holds immense potential!

Listing Agent

  1. Mary Pong

    Mary Pong

    Listing Agent

    Compass

    mary.pong@compass.com

    P: (425)-829-3417

    CallTextEmail

Property Details for 5520 University Way Northeast

Community Name
University District
School District
Seattle
View
Territorial
Entry Date
03-23-2025
Sewer
In Street
LISTING UPDATED: 08/28/2025 12:06 PM

Property Details for 5520 University Way Northeast

StatusActive
MLS #2345797
Days on Market290
Cumulative Days on Market290
Taxes$22,021 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand
Year Built-
Lot Size0.17 AC
CountyKing County
Buyer's Agent Compensation2.5%

Location

Listing Courtesy of Compass
Add your commute

Building Information for 5520 University Way Northeast

Lot Size0.17 AC

Payment Calculator

$16,456 per month

30 year fixed, 6.15% Interest

Principal and Interest

$14,621

Property Taxes

$1,835

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5520 University Way Northeast

Summary
Location and General Information
  • Style: 43 - Comm/Industrial
  • Area: 710 - North Seattle
  • Block: 1
  • Directions: Use GPS for directions.
  • Property Sub Type: VACL
  • Road Information: Paved
  • View: Yes
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2024
Parking
  • Carport: No
Interior and Exterior Features
Bathroom Information
  • Full Baths Upper: 0
  • Three Quarter Baths Upper: 0
  • Half Baths Upper: 0
  • Main Level Bathrooms: 0
Bedroom Information
  • Bedrooms Upper: 0
  • Bedrooms Possible: 0
Interior Features
  • Fireplaces Total: 0
  • Cooling: No
  • Fireplace: No
  • Heating: No
  • FIRPTA: No
Exterior Features
  • Road Surface Type: Paved
Property
Utilities
  • Electricity: In Street
  • Electric On Property: No
  • Gas Available: In Street
  • Septic Design Installed: false
  • Water Source: Available, In Street
  • Utilities: Electricity Available, Natural Gas Available
Property and Assessments
  • Senior Exemption: No
  • Zoning Jurisdiction: City
  • Water Jurisdiction: SPU
  • Zoning Remarks: Business,Commercial,Multi-Family,Office,Residential,Retail
  • Restrictions: Unknown
  • Lot Topography: Level
  • First Right Of Refusal: false
  • Possible Use: Business, Commercial, Multi-Family, Office, Residential, Retail
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Photos Count: 17
Lot Information
  • Lot Details: Curbs, Open Space, Paved, Sidewalk
  • Lot Size Dimensions: 80' x 93'
  • Lot Number: 9-10
  • Lot Size Source: Realist
  • Parcel Number Free Text: 8714600055
  • Calculated Square Footage: 0
  • Structure Type: Industrial
  • Road On Which Side: west side
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 0.0
  • Building Area Units: Square Feet
  • Property Type: Land
  • Elevation Units: Feet
  • Irrigation Water Rights: No

Property History for 5520 University Way Northeast

DateEvent & SourcePriceAppreciation
Mar 23, 2025

Listed (Active)

NWMLS #2345797

$2,999,950—
DateEvent & SourcePrice
03/23/2025

Listed (Active)

NWMLS #2345797

$2,999,950

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 5520 University Way Northeast

Taxable ValueLand$2,380,800Additions-Total$2,380,800
Tax Record2024$22,021 ($1,835 / month)
Home Facts
Lot Size7,440 SqFtStyleCommercialZoningNC2P-40CountyKINGAPN871460-0055

Schools near 5520 University Way Northeast

This home is within Seattle Public Schools.
Rating
School
Type
Grades
Distance
Green Lake Elementary School
Public - PK to 5
Hamilton International Middle School
Public - 6 to 8
Lincoln High School
Public - 9 to 12
McDonald International School
Public - K to 5
Rating
School
Distance
Green Lake Elementary School
PublicPK to 5

Hamilton International Middle School
Public6 to 8

Lincoln High School
Public9 to 12

McDonald International School
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 5520 University Way Northeast, Seattle, WA 98105

5520 University Way Northeast is a 0.17 ac of land for sale in Seattle, WA 98105. This property was listed for sale on March 23, 2025 by Compass, it's currently listed at $2,999,950. This listing's school district is Seattle Public Schools. Nearby schools include Green Lake Elementary School, Hamilton International Middle School and Lincoln High School. 5520 University Way Northeast is a 0-bed, 0-bath, 0.17 ac of land on a 7,440 sq. ft. / 0.17 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass

Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 01/07/2026 09:02 PM. All data is obtained from various sources and may not have been verified by broker orMLS GRID. Supplied Open House Information is subject to change without notice. All informationshould be independently reviewed and verified for accuracy. Properties may or may not be listed bythe office/agent presenting the information.