$ 3,500,000
4241 21st AVE W Seattle, WA 98199
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Listed by Windermere Real Estate Midtown
$ 3,500,000
Est. payment /mo
Active
4241 21st AVE W Seattle, WA 98199
0.28 Acres Lot
UPDATED:
11/14/2024 04:16 AM
Key Details
Property Type Commercial
Sub Type Commercial Industrial
Listing Status Active
Purchase Type For Sale
Subdivision Magnolia
MLS Listing ID 2240758
Style 61 - Comm Bldg Ovr 10K
Year Built 1979
Annual Tax Amount $42,020
Lot Size 0.275 Acres
Lot Dimensions 100 x 120
Property Description
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.
Location
State WA
County King
Area 700 - Queen Anne/Magnolia
Interior
Interior Features Ceramic Tile, Concrete, Laminate, Wall to Wall Carpet
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 Out, Conventional
Listing Terms Cash Out, Conventional
"Three Trees" icon indicates a listing provided courtesy of NWMLS.