4241 21st Avenue W Seattle, WA 98199
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.
- Property TypeCommercial
- NeighborhoodMagnolia
- CountyKing
- Taxes$42,020
- HOA/Condo/Coop Fees$0
- Days on Site7 Days
- MLS StatusActive
- MLS ID Number2240758
- Home Size Source N/A
- Year Built1979
- Lot Size0.2755 Acres
- Full BathsN/A
- Partial BathsN/A
Sell your house quickly!
Get multiple potential cash offers for your home. Fast and hassle-free!
Learn MoreRecent Activity For 4241 21st Avenue W Seattle, WA 98199
| 3 days ago | |
| a week ago |
Don't miss a thing!
Get updates on new activity for this listing
General Features
- Building Features Disabled AccessElevatorSignage IncludedStorage
- Parking Spaces 23
- Acreage 0.2755
- Water Public
- Sewer Sewer Connected
- Parking Total 23
Interior Features
- Cooling 90%+ High EfficiencyCentral A/ CH E P A Air Filtration
- Heating 90%+ High EfficiencyH R V/ E R V System
- Flooring Ceramic TileConcreteLaminateCarpet
- Interior Ceramic TileConcreteLaminateWall to Wall Carpet
- Fireplaces 0
- Fireplace No
Exterior Features
- Roof Built- UpFlatBuilt-Up
- Exterior Cement/ ConcreteWood ProductsCement/Concrete
Community Features
- Association Dues 0
- Senior Community No
- MLS Area 700 - Queen Anne/Magnolia
- Building Features Disabled AccessElevatorSignage IncludedStorage