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$3,500,000
200 Days On Site

4241 21st Avenue W
Seattle, WA98199

For Sale|Commercial Sale|Active
0
Beds
0
Full Baths
0
Partial Baths

SqFt

/SqFt
1979
Built
Subdivision:
Magnolia
County:
King
Days online/new listing status Today's Date - OriginatingSystemModificationTimestamp + CumulativeDaysOnMarket = CDOM.
Courtesy of NWMLS
Listing courtesy of Lauren Hendricks of Windermere Real Estate Midtown

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253-268-1714
4241 21st Avenue W4241 21st Avenue W4241 21st Avenue W4241 21st Avenue W
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96% leased remodeled office building with ample off-street parking. This 4-story office building features a secured lobby entrance, 23+ off-street parking spaces, building conference room, shower facility, hospital grade HEPA filtration system and incredible views of the Ship Canal and Fisherman's Terminal from every floor. Great location close to Vertical World Climbing Gym, Discovery Park, and many great restaurants and breweries. This is an excellent opportunity for an investor or owner-user to acquire an updated property with stabilized income from long-term tenants. The current cap rate w/ in-place below market rent is 5.30%. Cap rate increases to over 8% once 3 small available suites are leased. Please don't disturb current tenants.

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Listing Snapshot
Price 
$3,500,000
Days On Site 
200 Days
Bedrooms 
N/A
Inside Area (SqFt) 
N/A
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.2755 Acres
Year Built 
1979
MLS® Number 
2240758
Status 
Active
Property Tax 
$42,020
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Days online/new listing status Today's Date - OriginatingSystemModificationTimestamp + CumulativeDaysOnMarket = CDOM.
Friends & Family
Recent Activity
a month agoListing updated with changes from the MLS®
7 months agoStatus changed to Active
7 months agoListing first seen on site
General Features
Acres 
0.2755
Additional Property Use 
CommercialIndustrial
Buyer Agent Compensation 
2.5
Parking Spaces 
23
Utilities 
Sewer Connected
Water Source 
Public
Interior Features
Cooling 
Central Air
Flooring 
Ceramic TileLaminateCarpetConcrete
Heating 
Electric
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Exterior Features
Construction Details 
Wood Siding
Frontage 
100
Lot Features 
Level
Roof 
Built-UpFlat
Community Features
Accessibility Features 
Accessible Entrance
Financing Terms Available 
Conventional
MLS Area 
700 - Queen Anne/Magnolia
Courtesy of NWMLS
Listing courtesy of Lauren Hendricks of Windermere Real Estate Midtown



Listing information is provided by Participants of the Northwest MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2024, Northwest MLS.
All data is obtained from various sources and may not have been verified by the broker or MLS Grid. Supplied open house information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Based on Information submitted to the MLS Grid as of: 2024-10-29 05:00 PM PDT

Neighborhood & Commute
Source: Walkscore
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