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For Sale17 Days
$3,500,000

4241 21st Avenue
Seattle, WA 98199

Commercial For Sale
0.28 Acre Lot
    • 1of34
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    Windermere Real Estate Midtown

    Provided by Northwest Multiple Listing Service, 2024.

    Description for 4241 21st Avenue, Seattle, WA 98199

    For Sale> King> Seattle> 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 Details

    Listing Details
    For Sale
    Commercial
    Commercial Industrial
    None
    For Sale
    NWM2240758
    $3,500,000
    11/14/2024
    1979
    Single Family
    23
    Remodeled
    NWM49708
    Location Information
    US
    WA
    King
    Seattle
    98199
    21st
    4241
    Avenue
    Magnolia
    W123° 36' 58.4''
    N47° 39' 31.7''
    4241 21st Avenue W, Seattle, WA 98199
    700 - Queen Anne/Magnolia
    W
    Yes
    Garage/Parking
    No
    No
    Interior Features
    Carpet,Laminate,Ceramic Tile,Concrete
    Ceramic Tile,Wall To Wall Carpet,Laminate,Concrete
    Exterior Features
    No
    No
    Wood Products,Cement/concrete
    Built-up,Flat
    WaterFront and WaterAccess
    No
    Land Info
    0.28 Acre
    Nw
    2771100445
    Monthly
    100 x 120
    Utilities
    90%+ High Efficiency,Hrv/erv System
    90%+ High Efficiency,Central A/c,Hepa Air Filtration
    Sewer Connected
    HOA Info
    Monthly
    4
    No
    Rental Info
    Monthly
    Tax Info
    $42,020
    2024
    Listing Information
    Windermere Real Estate Midtown
    Lauren Hendricks
    156
    NWM7083
    Nwmls
    $3,500,000
    11/13/2024 20:16:02
    Disabled Access,Signage Included,Storage,Elevator
    Poured Concrete
    Unspecified
    Public

    Price History

    Source: MLS
    DateEventPriceSource
    2024-11-14For Sale$3,500,000MLS
    Get Price Alert

    Walk Score

    Walk Score measures the walkability of any address, Transit Score measures access to public transit on a scale of 1-100.

    Walk Score

    4

    Bike Score

    7

    Transit Score

    3

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