4241 21st Avenue W, Seattle, WA 98199 (MLS # 2321503)
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Listing provided courtesy of Northwest MLS; Windermere Real Estate Midtown
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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.
| LAST UPDATED | 1/9/2025 | TRACT | Magnolia |
|---|---|---|---|
| YEAR BUILT | 1979 | COMMUNITY | Magnolia |
| COUNTY | King | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | 700 - Queen Anne/Magnolia |
| CONSTRUCTION | Wood Siding |
| HEAT | Electric |
| INTERIOR | Ceramic Tile, Concrete, Laminate, Wall to Wall Carpet |
| LOT | 0.2755 acre(s) |
| LOT DESCRIPTION | Level |
| LOT DIMENSIONS | 100 x 120 |
| MLS STATUS | Active |
| STYLE | 61 - Comm Bldg Ovr 10K |
| SUBDIVISION | Magnolia |
| TAXES | 42020 |
| UTILITIES | Sewer Connected |
| WATER | Public |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
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Properties with the 
icon are courtesy of Northwest MLS.
Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 3/13/25 12:29 PM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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