University District Land for Sale

University District Land for Sale

Welcome to the vibrant University District, one of Seattle's most dynamic neighborhoods! Nestled in the heart of King County, this area is renowned for its rich cultural tapestry, lively atmosphere, and proximity to the prestigious University of Washington. Whether you’re a student, professional, or family, the University District offers a unique blend of urban living and academic charm.

The neighborhood is characterized by its eclectic mix of shops, cafes, and restaurants that cater to all tastes. From local coffee houses to international cuisine, there’s something to satisfy every palate. The iconic University Village, an outdoor shopping center, is just a stone’s throw away, providing a delightful shopping experience with a variety of boutiques and eateries.

For those who appreciate the outdoors, the University District is dotted with parks and green spaces, including the beautiful Ravenna Park and the expansive Washington Park Arboretum. These areas offer a tranquil escape from the hustle and bustle of city life, perfect for leisurely strolls, picnics, or weekend adventures.

Now is the perfect time to invest in this thriving community, as there is land for sale in the University District. Imagine the possibilities of building your dream home or developing a multifamily residence in this sought-after location. With its strong rental market and proximity to public transportation, the University District is not only a great place to live but also a smart investment opportunity.

Experience the charm and energy of the University District—where education meets innovation, and community thrives. Don't miss out on the chance to be part of this exceptional neighborhood!

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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