Rare University District development opportunity located at 700 NE 45th Street in Seattle, Washington.

The 0.33-acre site benefits from approved land-use entitlements, including Design Recommendations and an issued Master Use Permit (MUP), substantially reducing entitlement risk. Land Use Application to allow an 8-story, 29-unit apartment building and a seller-reported 202-bed housing program.

Property Highlights:

• 0.33-acre development site

• SM-U 95-320 (M1) zoning

• MUP issued

• Base FAR of 4.75

• No parking proposed

• Located in Seattle's University District

• Near the University of Washington, University Village, Wallingford, Fremont, and U District Station

The property is positioned within one of Seattle's most active urban housing markets and is supported by major educational, healthcare, technology, and life science employment centers. The University District continues to benefit from strong housing demand, regional transit connectivity, and ongoing investment throughout the surrounding neighborhood.

For additional information and due diligence materials, contact Colliers' listing brokers:

Sam Wayne (206) 351-7656

Chris Hardman (415) 259-8241

Sean Baird (727) 450-6158

Jon Holt (727) 743-7432

- https://victory-at-the-u.com/