University District Land for Sale

Welcome to the vibrant University District, one of Seattle's most dynamic neighborhoods! Nestled just north of downtown Seattle and home to the prestigious University of Washington, the University District offers a unique blend of academic energy, cultural diversity, and urban convenience. This lively area is characterized by its eclectic mix of shops, cafes, and restaurants that cater to students, residents, and visitors alike.

Imagine living just steps away from the lush greenery of the university campus, where you can enjoy scenic walks, art galleries, and various cultural events throughout the year. The University District is not just about academia; it’s a hub for innovation, creativity, and community. With an array of local farmers' markets, parks, and recreational facilities, there’s always something happening here.

For those looking to invest in land, the University District presents an exceptional opportunity. With its prime location and increasing demand, land for sale in this area is a rare find. Whether you envision building a modern residence, a multi-family dwelling, or a commercial space, the possibilities are endless. The neighborhood's rich history, combined with its forward-thinking vibe, makes it an ideal spot for new developments.

With excellent public transportation options and proximity to major highways, commuting to other parts of Seattle is effortless. Embrace the lively atmosphere, diverse community, and the endless possibilities that the University District has to offer. Don’t miss your chance to secure a piece of this thriving 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.

Start Your Search

Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.