Provided by NWMLS, Listed by Windermere Real Estate Midtown

Active

4241 21st Avenue W

Seattle WA, 98199

$3,500,000


Active

Commercial

Built in 1979

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.

2240758

MLS ID

June 10, 2024

Listed

November 22, 2024

Updated

Map

4241 21st Avenue W
Seattle WA, 98199

Interior Features

Interior Features

Ceramic Tile, Concrete, Laminate, Wall to Wall Carpet


Floor Description

Ceramic Tile, Concrete, Laminate, Carpet


Fireplace

No


Cooling

Yes


Cooling Description

90 High Efficiency, Central A/C, HEPA Air Filtration


Heating

Yes


Heating Description

90 High Efficiency, HRV/ERV System

Exterior/Building Features

Lot Size

0.28 Acres


Exterior Features

Cement/Concrete, Wood Products


Roof

Built-Up, Flat


Sewer

Sewer Connected

Other Property Details

Area Name

700 - Queen Anne/Magnolia


Taxes

$42,020


Tax Frequency

Annually


Garage

No


Parking Total

23


View

No


County

King


Water Source

Public


Pool

No

The IDX display presents information sourced from the Northwest Multiple Listing Service as of 12/23/2024. The data is intended for personal, non-commercial use and should not be used for any other purpose except to identify potential properties for purchase. While the MLS data displayed is generally deemed reliable, it is NOT guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. The property locations displayed on any map are merely best approximations and exact locations should be independently verified. Based on information submitted to the MLS GRID as of 12/23/2024 at 1:00 PM UTC . All data is obtained from various sources and may not have been verified by 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.

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Data last updated on 12/23/2024 at 1:00 PM UTC 

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