Property Details
4241 21st Avenue W
Seattle, WA 98199
$2,500,000
Pending Feasibility
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About This Home
Remodeled 4-story office building featuring 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 an owner-user to acquire an updated property with stabilized income from long-term tenants with below market rents. Flexible leases allowing a new owner to occupy a portion or all of the building. 4.6% cap rate based on current income and 62% occupancy. Actual 10%+ cap rate with 90% occupancy. Please don't disturb current tenants.
Property Details
Property Information
Property Type
Commercial Sale
Subtype
Commercial Industrial
Status
Pending Feasibility
County
King
Neighborhood
Magnolia
Listed
Jan 9, 2025
Original Price
$3,500,000
Interior Features
Bathrooms
0.0
Exterior & Lot
Lot Size
0.28 sqft
Year Built
1979
Exterior Materials
Cement, Wood
Sewer
Sewer Connected
Water Source
Public
Exterior Features
Cement/Concrete, Wood Products
Location
City
Seattle
County
King
Coordinates
47.65880, -122.38378
Additional Information
Tax Year
2026
Annual Taxes
$42,002
Possession
Array
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Estimated Monthly Payment
$0
Provided by Beyond Real Estate, LLC
Down Payment Assistance Available
This property may qualify for homebuyer assistance programs
Find out if you’re eligible for down payment assistance programs that could help make this home more affordable. Programs can provide thousands of dollars toward your down payment and closing costs.
Check Your EligibilityBased on information submitted to the MLS GRID as of April 25, 2026 5:11 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
