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

Listing provided courtesy of Northwest MLS; Windermere Real Estate Midtown

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

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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	47	LAST UPDATED	6/14/2024
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
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

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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 7/26/24 7:26 PM 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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