4241 21st Ave W, Seattle, WA

Properties For Sale

at 4241 21st Ave W Contact us

Listing office Windermere-Midtown Commercial Show Phone

Listing date Jun 18, 2024

Source Moodyscre

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Overview

This four-story office building, featuring a secured lobby entrance, is 96% leased. The property includes over 23 off-street parking spaces, a building conference room, and a shower facility. A hospital-grade HEPA filtration system is in place. The building offers views of the Ship Canal and Fisherman's Terminal from every floor. It is located near Vertical World Climbing Gym, Discovery Park, and various restaurants and breweries. The property presents an opportunity for investors or owner-users, with stabilized income from long-term tenants with below-market rents. The current cap rate, considering in-place below-market rent and vacancy, is 5.30%, with an increase to over 8% expected upon leasing of three small suites. The property has a total size of 20778 square feet.

Suggested Use

Pet Grooming Service Grocery & Convenience Store Mobile Phone Store Carpet & Flooring Store (Bike/Boat/Book/etc) Store Nursing Home Restaurant (Bike/Boat/Book/etc) Store Bed & Breakfast Veterinary Clinic

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Seattle

County

King

State

Washington

Longitude

-122.384

Latitude

47.6588

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FAQs

What type of property is this?

Office building - Four-story office building with parking and views for sale.

Where is this office building located?

The property is located at 4241 21st Ave W Seattle, WA.

What is the asking price?

The asking price for this property is $2,500,000.

What are key features of this property?

This property features: Remodeled office building 96% leased.; Ample off‑street parking with 23+ spaces.; Secured lobby entrance and building conference room.