Provided by NWMLS, Listed by Edward Krigsman, Windermere Real Estate Co.

4750 University Way NE

Seattle, WA, 98105

$4,500,000

$369 per ft²
$4,500,000
$369 per ft²
Active
Active
 - For Sale
carpenters-square
12,182 ft²
property_type
Multi-family
calendar
Built 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.
MLS® ID:
1872358
Listed:
12/14/21
Updated:
8/11/22

Exterior/Building Features

Lot Size
4,120 ft² lot
Exterior Features
Brick, Cement/Concrete, Metal/Vinyl, Stone
Architectural Style
Multi Family
Lot Details
Alley, Curbs, Paved, Sidewalk
Roof
Flat, Torch Down
Sewer
Sewer Connected

School Information

School District
Seattle
High School
Lincoln High
Middle/Jr High
Hamilton Mid
Elementary School
Green Lake

Other Property Details

Area Name
710 - North Seattle
Taxes
$42301
Tax Frequency
per YEAR
Garage
No
Parking
N
Parking Total
1.0
View
Y
County
King
Utilities
Cable Connected, Natural Gas Available, Sewer Connected, Electricity Available
Water Source
Public
Pool
No
Total Stories
4

Property History

Date
Event
Price
Value
6/29/22
Price Change
$4,500,000
-9%
4/14/22
Price Change
$4,980,000
-10%
3/10/22
Price Change
$5,580,000
-11%
12/23/21
Price Change
$6,280,000
100%

Provided by NWMLS, Listed by Edward Krigsman, Windermere Real Estate Co.

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Data last updated 10:51 AM UTC, 8/11/22

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