4241 21st AVE W, Seattle, WA 98199
4241 21st AVE W, Seattle, WA 98199
4241 21st AVE W, Seattle, WA 98199
4241 21st AVE W, Seattle, WA 98199
4241 21st AVE W, Seattle, WA 98199
4241 21st AVE W, Seattle, WA 98199
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Jenn Pederson

Jenn Pederson

+1(808) 205-3000
Listed by:Windermere Real Estate Midtown • Lauren Hendricks
$ 2,500,000
Est. payment | /mo

0.28 Acres Lot

Save
$ 2,500,000
Est. payment | /mo
Save

0.28 Acres Lot

Key Details

Property Type Commercial

Sub Type Commercial Industrial

Listing Status Pending

Purchase Type For Sale

Subdivision Magnolia

MLS Listing ID 2321503

Style 61 - Comm Bldg Ovr 10K

Year Built 1979

Annual Tax Amount $45,257

Lot Size 0.275 Acres

Lot Dimensions 100 x 120

Property Sub-Type Commercial Industrial

Property Description

Remodeled 4-story office building featuring 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 an owner-user to acquire an updated property with stabilized income from long-term tenants with below market rents. Flexible leases allowing a new owner to occupy a portion or all of the building. 4.6% cap rate based on current income and 62% occupancy. Actual 10%+ cap rate with 90% occupancy. Please don't disturb current tenants.

Location

State WA

County King

Area 700 - Queen Anne/Magnolia

Interior

Flooring Ceramic Tile, Concrete, Laminate, Carpet

Fireplace false

Exterior

Exterior Feature Cement/Concrete, Wood Products

Roof Type Built-Up,Flat

Building

Sewer Sewer Connected

Water Public

Others

Senior Community No

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Northwest MLS (NWMLS)
"Three Trees" icon indicates a listing provided courtesy of NWMLS.
Nearby Locations
Jenn Pederson

Experience the power of collaboration with Jenn and her Team of highly successful experienced professionals who focus obsessively on the details of your unique needs, process, transactional excellence, and exceeding expectations. With an exceptional reputation, you can expect to inherit decades of resources, connections, and industry/market knowledge required to confidently and successfully execute all your real estate needs.

+1(808) 205-3000

[email protected]

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4241 21st AVE W