$3,850,000
Pending

4740 17th Avenue NE

Seattle, WA 98105
Listing OfficeParagon Real Estate Advisors
Browse 7 photos
Type:Purchase
Structure:Land
Zone:Residential

Description

Paragon Real Estate Advisors is pleased to announce the exclusive listing of the UW 17th Ave Development Site located blocks away from the University of Washington. The property is located at 4740 17th Ave NE and is currently a parking lot. The site is 12,960 square feet and is zoned LR3(M) in the University District Urban Center. Early design review proposed the highest and best use is a 5 story 91 unit SEDU building with a total of 34,960 gross and 29,806 rentable square feet but a townhouse project is also feasible. The average unit size is +/-327 square feet. Located in the heart of the University of Washington’s off-campus housing, the new development will benefit significantly from high rental demand of student housing.

  • Property Details
      • Utility FeaturesNatural Gas Available, Electricity Available
      • SubdivisionUniversity District
      • Style42 - Multi-Family
      • Date ListedFebruary 16, 2024
      • Structure TypeMulti Family
      • Original List Price$3,850,000
      • Sewer InformationAvailable
      • Utility SourceAvailable
      • Property TypePurchase
      • School DistrictSeattle
      • MLS #2200603
      • Cost3850000
      • MLS #2200603
      • Acres0.2975
      • CountyKing
      • Property SubtypeLand
      • Days on Market (Cumulative)268
      • Buying Agency Compensation2.5
Leon WoffindenReal Estate Group
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Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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