4750 University Way NE Seattle, WA 98105

Active (158 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
56 - 10+ Units

Views
Territorial

School District
Seattle

County
King County

Community
University District

Bathroom Details

Subdivision

University District

Lot Information

Alley
Curbs
Paved
Sidewalk

Property Features

Cable Tv
Fenced-Partially
Gas Available
Patio
Sprinkler System

Heating and Cooling

Baseboard
Wall

Exterior Features

Brick
Cement/Concrete
Metal/Vinyl
Stone
Roof: Flat
Roof: Torch Down

Utility Information

Utilities: Cable Connected, Natural Gas Available, Sewer Connected, Electricity Available
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

Map View | Street View

Listing to Address

Address to Listing

Calculate drive times to this property

Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price

Down payment

Interest rate

Mortgage calculator estimates are provided by Windermere Real Estate and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.

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.