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.