Emma Lazo

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Listing provided courtesy of COMPASSNWMLSas Distributed by MLSGrid- MLS# NWM2531005MLS Provider

5520 University Way NESeattle, WA 98105

Vacant Land · 0.17 Acres
$2,490,000 Active

5520 University Way NE Overview

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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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5520 University Way NE Facts & Features

  • Type Vacant Land
  • Lot 0.17 Acres

Details

General

Association/HOA

  • Association Fee: $0.00

School Information

  • School District: Seattle

Building Information

  • Building Name: Turner H S & Cos University

Location/Region

  • Country: US
  • County Or Parish: King
  • MLS Area Major: 710 - North Seattle
  • Subdivision Name: University District

Tax Information

  • Tax Annual Amount: $22,021.16
  • Tax Year: 2024

General Information

  • Listing Terms: Cash, Conventional
  • Parcel Number: 8714600055
  • Possible Use: Business,Commercial,Multi-Family,Office,Residential,Retail
  • Property Sub Type: Land
  • Property Type: Land
  • Senior Community: No
  • Special Listing Conditions: None

Interior

Beds/Baths

  • Bedrooms Upper: 0

Building Interior

  • Building Area Total: 0
  • Building Area Units: Square Feet
  • Calculated Square Footage: 0
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0

General Information

  • Cooling: No
  • Fireplace: No
  • Fireplaces Total: 0
  • Heating: No
  • Living Area: 0
  • Main Level Bathrooms: 0

Exterior

Lot Information

  • Irrigation Water Rights: No
  • Lot Features: Curbs, Open Space, Paved, Sidewalk
  • Lot Size Acres: 0.1708
  • Lot Size Dimensions: 80' x 93'
  • Lot Size Square Feet: 7440
  • Lot Size Units: Square Feet
  • Road Surface Type: Paved
  • Topography: Level
  • Elevation Units: Feet
  • Water Source: Available, In Street

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Structure Type: None

General Information

  • Carport: No
  • Electric On Property: No
  • Sewer: In Street
  • Utilities: Electricity Available, Natural Gas Available

5520 University Way NE Neighborhood

Community

98105 (SEATTLE) Demographics

24
Median Age
8,067
Population Density (per sq. mile)
81%
College Educated
$67,449
Estimated Median Income
5,615
Estimated Total Home Owners
11,717
Estimated Total Renters
32% / 68%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

5520 University Way NE Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

5520 University Way NE Market Data

Based on the last 30 days in this zip code

$1,699,848
Average List Price
$762
Average Price per Square Foot
21
Properties Sold
59
Average Days on Market
126
Properties for Sale
Calculations provided by Reliance Network

5520 University Way NE History

Date Event Value Agent
6/1/2026Source: NWMLS Added to Database
June 01, 2026