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