4241 21st AVE W, Seattle, WA 98199 - MLS#2240758

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ONE Real Estate

broker@1realty.com +1(360) 201-0908

Listed by Windermere Real Estate Midtown

$ 3,500,000

Est. payment -/mo

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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.

ONE Real Estate

Broker

+1(360) 201-0908

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