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4241 21st Avenue W Seattle, WA $ 3,500,000
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$ 3,500,000 Get more info
4241 21st Avenue W
$ 3,500,000
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4241 21st Avenue W

Seattle, WA, 98199
$ 3,500,000
Bedrooms-- Baths--

Monthly Estimate*

$ 21,835

Listed by Windermere Real Estate Midtown
4241 21st Avenue W, Seattle, WA 98199 - Image 1
4241 21st Avenue W, Seattle, WA 98199 - Image 2
4241 21st Avenue W, Seattle, WA 98199 - Image 3

Commercial Property for sale in Seattle, WA

for $3,500,000. This building was built in 1979 on a lot size of 0.2755.

96% leased remodeled office building with ample off-street parking. This 4-story office building has incredible views of fisherman's terminal & ship canal from every floor. It features a secured lobby entrance, 23+ off-street parking spaces, building conference room, shower facility, and hospital grade HEPA filtration system. 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.

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Commercial Pending

Price

$ 3,500,000

Property Type

Commercial

Taxes

$ 42,020

Style

Comm Bldg Ovr 10K

Lot Size

0.2755

Year Built

1979

Town/City

Seattle

County/Region

King

MLS | Web ID

2321503
Features
General
Living Area 0
Sewer Sewer Connected
Heating 90%+ High Efficiency HRV/ERV System
Cooling 90%+ High Efficiency Central A/C HEPA Air Filtration
Possession Closing Subject to Tenant Rights
Roof Built-Up Flat
HOA Fee 0
Year Built 1979
Topography Level
Property Subtype Commercial Industrial
Tax Year 2024
County King
Net Operating Income 185687
Insurance Expense 4677
Property Type Commercial Sale
HOA N
Subdivision Name Magnolia
Possible Use Business Commercial Industrial Office
Building Features Disabled Access Elevator Signage Included Storage
Special Listing Conditions None
Status Pending Feasibility
Directions 15th West to Emerson (just south of ballard bridge.) West on Emerson first right past Fisherman's Terminal. Property about 1/3rd way down block west side of street.
City Seattle
Senior Community Y/N N
Zoning Description Business Commercial Industrial Industrial-Light Office
Number Of Units Total 4
MLS Area 700 - Queen Anne/Magnolia
Lot Size Units Square Feet
Lot Size Square Feet 12000
Carport Y/N N
Listing Terms Cash Out Conventional
Tax Annual Amount 42020
Electric Expense 17213
Fuel Expense 8078
Public Remarks 96% leased remodeled office building with ample off-street parking. This 4-story office building has incredible views of fisherman's terminal & ship canal from every floor. It features a secured lobb
Structure Type Unspecified
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Pending
Water Company Seattle Public Utilities
Total Actual Rent 28039
Water Sewer Garbage 9184
Property Style 61 - Comm Bldg Ovr 10K
Cap Rate 5.3
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Interior
Interior Amenities Ceramic Tile Concrete Laminate
Flooring Ceramic Tile Concrete Laminate Carpet
Total Fireplaces 0
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Bedrooms Possible 0
Ceiling Height 11
Power Production Type Electric
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Exterior
Exterior Amenities Cement/Concrete Wood Products
Water Source Public
Total Parking 23
Foundation Details Poured Concrete
Building Area Total 0
Lot Dimensions 100 x 120
Lot Size Acres 0.2755
Covered Spaces 10
Irrigation Water Rights Y/N N
Site Frontage 100
Parking Uncovered Total 13
Lot Number 7-10
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Internal Only
OriginalMLSID NWM2321503
Street Number 1 4241
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* Excluded Features
List By
Lauren Hendricks

Listing Agent

Windermere Real Estate Midtown

Broker

Affordability Calculator

$25,337
Per Month
86%
14%
0%
Monthly Principal & Interest
$21,835
Monthly Property Taxes
$3,502
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
258624 Elementary School
258775 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
1/10/2025$3,500,000 Listed Price

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4241 21st Avenue W, Seattle, WA, 98199 is a Commercial Property for sale at $3,500,000 with a lot size of 0.2755. 4241 21st Avenue W was built in 1979. The property's zip code is 98199 which is in Seattle, WA

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