4750 University Way NE Seattle, WA 98105
Listing Courtesy of: Northwest MLS / Windermere Real Estate Co. / Edward Krigsman and Best Choice Realty LLC

  4750 University Way NE Seattle, WA 98105

Sold (365 Days)
$3,500,000
12,182
SQFT

Description

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.

MLS #:
1872358
Taxes
$42,301(2021)
Lot Size
4,120 SQFT
Type
Multifamily
Building Name
University Heights Add
Year Built
1958
Style
10+ Units
Views
Territorial
School District
Seattle
County
King County
Community
University District

Listed By

Edward Krigsman, Windermere Real Estate Co.
Bought with
Zijun Wang, Best Choice Realty LLC
Source
Northwest MLS as distributed by MLS Grid
Last checked Jul 15 2024 at 2:35 AM GMT+0000
Bathroom Details
Subdivision
  • University District
Lot Information
  • Sidewalk
  • Paved
  • Curbs
  • Alley
Property Features
  • Sprinkler System
  • Patio
  • Gas Available
  • Fenced-Partially
  • Cable Tv
Exterior Features
  • Stone
  • Metal/Vinyl
  • Cement/Concrete
  • Brick
  • Roof: Torch Down
  • Roof: Flat
Utility Information
  • Sewer: Sewer Connected
  • Fuel: Electric
  • Energy: Green Efficiency: Thermal Windows
School Information
  • Elementary School: Green Lake
  • Middle School: Hamilton Mid
  • High School: Lincoln High
Disclaimer: Based on information submitted to the MLS GRID as of 2024 7/14/24 19:35. 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.