University District Land for Sale

University District Land for Sale

Welcome to the University District, one of Seattle’s most vibrant and eclectic neighborhoods! Nestled in the heart of King County, the University District is not just a place; it’s a lifestyle brimming with energy, culture, and opportunity. Home to the prestigious University of Washington, this neighborhood thrives on a youthful spirit, offering a unique blend of academic influence and urban flair.

As you stroll through the University District, you’ll discover a diverse array of shops, cafes, and restaurants that cater to every palate. From cozy coffee shops perfect for study sessions to eclectic eateries serving global cuisines, the options are endless. The area is also known for its lively farmers market, art galleries, and community events that foster a strong sense of belonging among residents.

For those looking to invest in land, the University District presents a remarkable opportunity. With its proximity to the university, public transportation, and a plethora of amenities, purchasing land here is not just a smart investment; it’s a chance to be part of a thriving community. Imagine the possibilities of building your dream home or developing a property that caters to the ever-growing demand for housing in this bustling area.

With stunning views of Mount Rainier and Lake Washington, the University District offers a picturesque backdrop for your future endeavors. Don’t miss the chance to be part of this dynamic neighborhood where innovation meets tradition, and every corner holds the promise of new adventures. Explore the available land for sale and take the first step toward making your mark in the University District!

Newest University District Land for Sale

$3,785,000
2558839 MLS ⋅ ACTIVE Status
Premier 10,000sqft University of Washington development site on Greek Row (PARKING LOT ONLY). Flat, no SIP'S (street improvements), and big views. One block walk to campus entrance. Consultant reports attached includes survey, geotech, arborist report, etc. Phase I available upon request (file size is too large to upload). Current monthly income from Diamond Parking Lease.

4626 21st Avenue NE, Seattle

Listing courtesy of Alchemy Real Estate.

$8,350,000
2556646 MLS ⋅ ACTIVE Status
Premier 20,000sqft University of Washington development site on Greek Row. Flat, no SIP'S (street improvements), and big views. One block walk to campus entrance. Consultant reports attached and full Due Diligence package available upon request. Entitlements for a +/-150 unit student housing building are in the final stages of reviews with Seattle Department of Construction and Inspections (SDCI). Current monthly income from Diamond Parking Lease. Building is occupied by a non-profit and receives a substantial property tax exemption (20 day notice to vacate).

4626 21st Avenue NE, Seattle

Listing courtesy of Alchemy Real Estate.

$4,950,000
2549382 MLS ⋅ ACTIVE Status
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.

4722 - 4730 15th Avenue NE, Seattle

Listing courtesy of Best Choice Realty LLC.

$2,490,000
2531005 MLS ⋅ ACTIVE Status
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!

5520 University Way NE, Seattle

Listing courtesy of COMPASS.

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