Provided by NWMLS, Bought with Best Choice Realty LLC and Listed by Windermere Real Estate Co.

Sold

4750 University Way NE

Seattle WA, 98105

$3,500,000


$287.31 per sqft

Sold

12,182 sqft

Multi-family

Built in 1958

Unique investment/redevelopment opportunity in prime University District location revitalized by new light rail 2 blocks away. Striking 12000 SF mid-century mixed-use building on "the Ave" by architect Samuel Morrison comprises 18 vintage open 1BR apartments and 3500 SF boutique retail space, once home of Academy of Classical Ballet, run by Irene Larson of NY City Ballet, and of Jun Fan Gung Fu Institute, martial arts school of fighter, teacher and philosopher Bruce Lee. Recapitalize and renovate the property for cash flow in thriving sub-market with focused, high demand renter base or develop in accordance with N3P-65 (M1) zoning. Steps from new mixed-use Safeway valued at $90M & adjacent 24-story M Tower, both by LA-based Fields Holdings.

1872358

MLS ID

December 15, 2021

Listed

March 21, 2024

Updated

Map

4750 University Way NE
Seattle WA, 98105

Interior Features

Total Stories

4


Fireplace

No


Cooling

Yes


Heating

Yes

Exterior/Building Features

Lot Size

0.09 Acres


Exterior Features

Brick, Cement/Concrete, Metal/Vinyl, Stone


Lot Features

Alley, Curbs, Paved, Sidewalk


Roof

Flat, Torch Down


Sewer

Sewer Connected

School Information

School District

Seattle


High School

Lincoln High


Elementary School

Green Lake

Other Property Details

Area Name

710 - North Seattle


Taxes

$42,301


Tax Frequency

Annually


Garage

No


Parking Total

1


View

Yes


View Description

Territorial


County

King


Water Source

Public


Pool

No

The IDX display contains information sourced from the Northwest Multiple Listing Service as of 3/21/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

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Data last updated on 3/21/2024 at 8:35 PM UTC

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