University District Land for Sale

University District Land for Sale

Welcome to the vibrant University District, a dynamic neighborhood in Seattle that perfectly blends academic energy with urban charm. Nestled in the heart of King County, this lively area is home to the University of Washington, one of the nation’s leading research institutions. The presence of the university infuses the district with a youthful spirit, making it a hub of innovation, culture, and community engagement.

The University District boasts a diverse array of amenities, from eclectic shops and cozy cafes to bustling farmers' markets and art galleries. Stroll down The Ave, where you’ll discover a mix of local boutiques, international eateries, and inviting spaces perfect for study or socializing. Nature lovers will appreciate the proximity to the beautiful Washington Park Arboretum and the scenic shores of Lake Washington, offering ample opportunities for outdoor recreation.

For those considering investment opportunities, the University District presents a rare chance to own land in a thriving urban environment. With its strong rental market fueled by students and faculty, purchasing land here is not just a home; it’s a strategic investment in a community that continues to grow and evolve. Whether you envision building your dream home or developing rental properties, this area holds immense potential.

Experience the charm and energy of the University District, where education meets lifestyle, and explore the possibilities that await with available land for sale. Embrace the opportunity to be part of this vibrant community and make your mark in one of Seattle's most sought-after neighborhoods!

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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