University District Land for Sale

University District Land for Sale

Welcome to the University District, a vibrant and eclectic neighborhood nestled in the heart of Seattle, Washington. Known for its youthful energy and diverse culture, the University District is home to the prestigious University of Washington, which infuses the area with a dynamic atmosphere and a rich tapestry of academic and social activities. Here, you’ll find a delightful blend of historic architecture, modern amenities, and a thriving arts scene that attracts both residents and visitors alike.

As you explore the University District, you’ll discover an array of charming cafes, eclectic shops, and bustling farmers' markets, making it a delightful place to live and thrive. The neighborhood is also well-connected, with easy access to public transportation, allowing you to enjoy all that Seattle has to offer. Whether you’re strolling through the lush greenery of the nearby Ravenna Park or enjoying a sunny afternoon at the iconic University Village, the University District provides a unique balance of urban convenience and natural beauty.

Now is an exciting time to consider investing in land for sale in this sought-after neighborhood. With its strong sense of community and proximity to educational institutions, the University District presents a fantastic opportunity for both residential and commercial development. Imagine building your dream home or launching a new venture in a location that’s not only rich in history but also brimming with potential for growth. Don’t miss your chance to be part of this thriving community—explore the land for sale in the University District today and start crafting your future in one of Seattle’s most beloved 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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