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4241 21st Avenue West Seattle, WA 98199

$3,500,000
0.28
Acres
$3,500,000
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active
1/3
Street View

96% leased remodeled office building with ample off-street parking. This 4-story office building has incredible views of fisherman's terminal & ship canal from every floor. It features a secured lobby entrance, 23+ off-street parking spaces, building conference room, shower facility, and hospital grade HEPA filtration system. 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.

96% leased remodeled office building with ample off-street parking. This 4-story office building has incredible views of fisherman's terminal & ship canal from every floor. It features a secured lobby entrance, 23+ off-street parking spaces, building conference room, shower facility, and hospital grade HEPA filtration system. 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.

  • Neighborhood
    Magnolia
  • Type
    Commercial
  • County
    King
  • Area
    700 - Queen Anne/Magnolia
  • Tax Amount
    $42,020
  • Status
    Active
  • Listing #
    2321503
  • Built
    1979
  • Lot Size
    0.28
  • Listed on site
    5 days

Listed by:
Windermere Real Estate Midtown

Listing information © 2023 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by LaVerne Pike - Windermere Real Estate - and should be verified by the buyer. The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Laverne Pike - Windermere Real Estate are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2025-01-15 05:21:14. DMCA
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Community Features

  • No HOA
  • No Adult Community

Exterior features

  • No Pool
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