4241 21st Avenue W, Seattle, WA 98199 (MLS # 2240758)

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Listing provided courtesy of Northwest MLS; Windermere Real Estate Midtown

PRICE $3,500,000 dsIDX morgage calculator
SIZE 22,365 sqft
LOT SIZE 12,001 sqft

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.

DAYS ON MARKET 11 LAST UPDATED 6/10/2024
TRACT Magnolia YEAR BUILT 1979
COMMUNITY Magnolia COUNTY King
STATUS Active PROPERTY TYPE(S) Commercial


ADDITIONAL DETAILS
AIR Central Air
AIR CONDITIONING Yes
AREA 700 - Queen Anne/Magnolia
BUYER'S BROKERAGE COMPENSATION 2.5
CONSTRUCTION Wood Siding
HEAT Electric
INTERIOR Ceramic Tile, Concrete, Laminate, Wall to Wall Carpet
LOT 0.2755 acre(s)
LOT DESCRIPTION Level
LOT DIMENSIONS 100 x 120
STYLE 61 - Comm Bldg Ovr 10K
SUBDIVISION Magnolia
TAXES 42020
UTILITIES Sewer Connected
WATER Public
MORTGAGE CALCULATOR
   

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Properties with the Logo icon are courtesy of Northwest MLS.

Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 6/21/24 3:33 AM PDT. 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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