- For Sale Contact for pricing
- Property Type Land - Multifamily (land)
- Lot Size 0.33 Acre
- Zoning SM-U 95-320 (M1)
- Date Updated Jun 18, 2026
- Visibility/Traffic Count (VPD) 31,397
Description
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
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Contacts
Colliers
Associate
Location
Located at 700 NE 45th St, Seattle, WA 98105, this property is part of the University District neighborhood and Seattle market.
Colliers
Associate
