4750 University Way NE Seattle, WA 98105
Listing Courtesy of: Northwest MLS / Windermere Real Estate Co. / Edward Krigsman
$4,500,000
12,182
SQFT

  4750 University Way NE Seattle, WA 98105

Active (236 Days)

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
Bathroom Details
Subdivision
  • University District
Lot Information
  • Sidewalk
  • Paved
  • Curbs
  • Alley
Property Features
  • Sprinkler System
  • Patio
  • Gas Available
  • Fenced-Partially
  • Cable Tv
Heating and Cooling
  • Wall
  • Baseboard
Exterior Features
  • Stone
  • Metal/Vinyl
  • Cement/Concrete
  • Brick
  • Roof: Torch Down
  • Roof: Flat
Utility Information
  • Utilities: Electricity Available, Sewer Connected, Natural Gas Available, Cable Connected
  • Sewer: Sewer Connected
  • Fuel: Electric
  • Energy: Green Efficiency: Thermal Windows
School Information
  • Elementary School: Green Lake
  • Middle School: Hamilton Mid
  • High School: Lincoln High
Additional Listing Info
  • Selling Office Commission: 2.5%
Location
   
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Estimated Monthly Mortgage Payment

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Disclaimer: Square footage is based on information available to agent, including County records. Information has not been verified by agent and should be verified by buyer.