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4750 University Way NE

Seattle, WA 98105
  • $3,988,000
  • STATUS: Active
  • ON SITE: 347 Days
  • ID#: 1872358
UPDATED: 33 min ago
$3,988,000
  • 0
    BEDS
  • 0.09
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 12,182
    SQFT
  • $327
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1958
County:

School Information

Elementary School:
Middle School:
High School:
School District:
Northwest MLS logoListing Courtesy of Windermere Real Estate Co.: 206-524-1100.


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.

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The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Keller Williams Western Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. The three tree icon refers to an NWMLS listing. Data last updated 2022-11-28T16:14:40.237. The "Days on Site" data field is calculated by BoomTown and is the number of days since the listing was originally received in our system. It is not the equivalent of "Days on Market".



Based on information submitted to the MLS GRID as of 2022-11-28T16:14:40.237. 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.
www.kwbellingham.net/homes/124080779
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4750 University Way NE Seattle, WA 98105

  • Price: $3,988,000
  • Status: Active
  • On Site: 347 Days
  • Updated: 33 min ago
  • ID#: 1872358
0
Beds
0
Baths
0
½ Baths
0.09
Acres
12,182
SQFT
$327
$/SQFT
1958
Built
Neighborhood:
University District
County:
King
Area:
N.Seattle/UW/Wedgewood/V.Ridge/Lk Cty
Elementary School:
Green Lake
Middle School:
Hamilton Mid
High School:
Lincoln High
School District:
Seattle
Property 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.
Exterior Features

Carport Spaces 0 Carport YN No Covered Spaces 0 Exterior Features BrickCement/ConcreteMetal/VinylStone Lot Features AlleyCurbsPavedSidewalk Lot Size Dimensions 40 X 103 Open Parking Spaces 1 Open Parking YN Yes Parking Total 1 Parking Uncovered Spaces 1 Roof FlatTorch Down Structure Type Multi Family Style Code 56 - 10+ Units View Territorial View YN Yes Waterfront YN No

Interior Features

Building Area Total 12182 Fireplace YN No Furnished Unfurnished Heating Cooling Type BaseboardWall Heating YN Yes Living Area 0 Square Footage Finished 0 Square Footage Unfinished 0

Property Features

Amenities Coin Op LaundryFire SprinklersThermal Windows Building Name University Heights Add Cumulative Days On Market 307 Energy Source Electric FIRPTAYN No First Right Of Refusal No Green Energy Efficient Thermal Windows Irrigation Water Rights YN No Listing Terms Cash OutConventional Net Operating Income 265988 New Construction YN No Possession ClosingSee RemarksTenant's Rights Possible Use Multi-FamilyRetailSee Remarks Power Company Seattle City Light Power Production Type Electric Property Condition Fair Property Sub Type Multi-Family Senior Community YN No Sewer Sewer Connected Sewer Company Seattle Combined Utilities Site Features Cable TvFenced-PartiallyGas AvailablePatioSprinkler System Special Listing Conditions None Tax Annual Amount 42301 Tax Year 2021 Units In Building Total 20 Utilities Cable ConnectedNatural Gas AvailableSewer ConnectedElectricity Available Water Company Seattle Combined Utilities Water Source Public Year Built Effective 1958 Zoning Class Multi-FamilyRetailSee Remarks Zoning Jurisdiction City

Listing information © 2022 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by Keller Williams Western Realty and should be verified by the buyer.


The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Keller Williams Western Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. The three tree icon refers to an NWMLS listing. Data last updated 2022-11-28T16:14:40.237. The "Days on Site" data field is calculated by BoomTown and is the number of days since the listing was originally received in our system. It is not the equivalent of "Days on Market".



Based on information submitted to the MLS GRID as of 2022-11-28T16:14:40.237. 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.
 
https://bt-photos.global.ssl.fastly.net/nwmls/orig_boomver_3_1872358-1.jpg https://bt-photos.global.ssl.fastly.net/nwmls/orig_boomver_3_1872358-1.jpg https://bt-photos.global.ssl.fastly.net/nwmls/orig_boomver_3_1872358-1.jpg
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Keller Williams Western Realty
2211 Rimland Drive, Suite 124
Bellingham WA, 98226
Northwest MLS logoListing Courtesy of Windermere Real Estate Co.: 206-524-1100.