$3,988,000
For Sale

4750 University Way NE

Seattle, WA 98105
Courtesy of Windermere Real Estate Co.
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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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  • Interior Details
    • Heating & Cooling
      • Heating:Baseboard, Wall
  • Property Details
    • Property
      • View:Territorial
      • Stories:4
      • Lot description:Alley, Curbs, Paved, Sidewalk
      • Exterior features:Cable TV, Fenced-Partially, Gas Available, Patio, Sprinkler System
      • Exterior materials:Brick, Cement/Concrete, Metal/Vinyl, Stone
    • Measurements
      • Acres:0.0946
      • Square Feet:12182
  • Construction Details
    • Type & Style
      • Property type:Investment
      • Architectural style:56 - 10+ Units
    • Condition
      • Year built:1958
  • Utilities / Energy Details
    • Utility
      • Sewer information:Sewer Connected
      • Utility source:Public
      • Utility features:Cable Connected, Natural Gas Available, Sewer Connected, Electricity Available
  • Community and Neighborhood Details
    • Location
      • School district:Seattle
      • Elementary School:Green Lake
      • Middle School:Hamilton Mid
      • High School:Lincoln High
      • County:King
    • Community
      • Subdivision:University District
  • Financial Details
    • Pricing Details
      • Original List Price:$6, 250, 000
      • Selling Office Commission:2.5%
      • Annual taxes:$42, 301
      • Days on Market (Cumulative):328
  • Other
    • Source
      • MLS #:1872358

Location

Jennifer Talbot-MantoothReal Estate Group
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