Courtesy of: Lauren Hendricks | Windermere Real Estate Midtown
$3,500,000Seattle, WA 98199
0.28 Acres
King County
Key Features
MLS ID: 2321503
Year Build: 1979
Status: Active
Property Type: Commercial Sale
Area: 700 - Queen Anne/Magnolia
Exterior: ["Cement/Concrete","Wood Products"]
Address: 4241 21st Avenue W, Seattle, WA 98199
City: Seattle
State: WA
Zip: 98199
County: King
Description
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.
Property Map
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.
Listing # Courtesy of Lauren Hendricks of Windermere Real Estate Midtown. Last Updated: January 10, 2025.
Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Information is deemed reliable but is not guaranteed.
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