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Class B Office in Magnolia
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4019 21st Avenue W, Seattle, WA 98199

Office building in Seattle's North Magnolia submarket with water views.

Property Size42,648 SF
Days on Market264

Property Features for 4019 21st Avenue W

General Information

Standard status Active
Size 42,648 SF
Property subtype Office
Listing Agency: NAI Puget Sound Properties Bellevue
Listed By: Arie Salomon, SIOR, CCIM · License #25750
Source: Naiglobal
Added: Nov 21, 2025 Changed: Jul 6 Last Checked: Aug 12 at 3:45AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI Puget Sound Properties Bellevue

Investment Insights

Based on property information with market context.

Located in Seattle’s North Magnolia submarket, this Class B office building at 4019 21st Ave W offers dramatic water and Fisherman’s Terminal views. The property is suitable for an owner-user seeking a location in a vibrant neighborhood or an investor interested in Seattle’s competitive commercial market. The total building size is 26,430 RSF, with 11,240 RSF currently available. Suites are divisible down to approximately 2,000 RSF. Onsite parking is available at a ratio of 2.69 per 1,000 SF, including both garage and surface parking options. The second floor includes an exercise room and showers. Currently, 57.47% of the building is leased to Silver Bay Seafoods, with 8.5 years remaining on the lease.

Key Highlights

  • Dramatic water views and location in the desirable North Magnolia submarket.
  • Significant portion (57.47%) leased to Silver Bay Seafoods with 8.5 years of remaining term, providing stable income.
  • Suitable for both owner‑users and investors.

Property Analytics

Current Use

Icicle Seafoods Inc Take-out & Catering ISI International Take-out & Catering Cresting Wave Seafoods ... Take-out & Catering American Gold Seafoods Food Processing Plant

Suggested Use

Top Pick Carpet & Flooring Store Pet Grooming Service (Bike/Boat/Book/etc) Store Grocery & Convenience Store Mobile Phone Store Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,582
Businesses Nearby

Demographics for 98199, WA

22,549
Population
10,737
Households
2.1
Avg Household Size
39
Median Age
77%
College-Educated
99%
High-School Grad
4.2 sq mi
ZIP Area
5,369
Density / Sq Mi
$176,729
Median Household Income
$99,361
Median Earnings
$2,461
Median Rent
$1,160,000
Median Home Value

Market

Vacancy Rate% for Office in Seattle, WA

8.5% 2019
13.4% 2020
17.6% 2021
19.5% 2022
24.3% 2023
30% 2024
32.3% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Office building in Seattle's North Magnolia submarket with water views.
Where is this office building located?
The property is located at 4019 21st Avenue W Seattle, WA.
What are key features of this property?
This property features: Dramatic water views and location in the desirable North Magnolia submarket.; Significant portion (57.47%) leased to Silver Bay Seafoods with 8.5 years of remaining term, providing stable income.; Suitable for both owner‑users and investors.
More about this property
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