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, this dynamic area is renowned for its youthful energy, diverse culture, and proximity to the prestigious University of Washington. Whether you’re a student, a young professional, or a family looking to settle down, the University District offers a unique blend of amenities that cater to all lifestyles.

The neighborhood is a hub of activity, featuring a delightful mix of coffee shops, trendy eateries, and eclectic boutiques. Stroll down University Way NE, affectionately known as "The Ave," where you can find everything from vintage record stores to artisanal bakeries. The lush greenery of nearby parks, including the expansive University of Washington campus and the picturesque Ravenna Park, provides ample opportunities for outdoor recreation and relaxation.

For those considering a long-term investment, land for sale in the University District presents an exceptional opportunity. With its strong rental market fueled by a steady influx of students and professionals, purchasing land here can be a strategic move. Imagine building your dream home or developing a multi-unit property in a neighborhood that boasts excellent public transportation, walkability, and a vibrant community spirit.

In addition to its educational institutions, the University District is known for its cultural events, farmers' markets, and art galleries, making it a lively and engaging place to call home. Don’t miss your chance to be a part of this dynamic community—explore the available land for sale and envision your future in the heart of Seattle!

Newest University District Land for Sale

$8,350,000

2556646 MLS ⋅ ACTIVE Status

Premier 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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