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- LoopNet Team
4714 15th Ave NE
Seattle, WA 98105
University District Development Opportunity · Land For Sale
·
1.31 AC
INVESTMENT HIGHLIGHTS
- Premier University District Location
- Ability to get to scale for one or several projects
PROPERTY FACTS
| Property Type | Land | Total Lot Size | 1.31 AC |
| Property Subtype | Commercial | ||
| Zoning | SM-U 85; NC2-75; LR3 - SM-U 85; NC2-75; LR3 | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 1.31 AC |
| Zoning | SM-U 85; NC2-75; LR3 - SM-U 85; NC2-75; LR3 |
DESCRIPTION
The offering is made up of 8 individual parcels that can be acquired together or individually. UPC preferred transaction structure is a long-term ground lease, however they will entertain alternative proposed structures. The zoning is conducive to market-rate residential, student housing, and commercial development. The size and layout of the floor plates are flexible and can accommodate student housing, small efficiency dwelling units or traditionally sized apartments. The University of Washington will continue to be a strong economic driver for the district for decades to come. Based on their 2019 10-year Master Plan, the University of Washington is planning on 20% growth to over 80,000 students, faculty, and staff and 6 million square feet of new buildings by 2029.
