4241 21st Avenue W, Seattle, 98199
MLS® #: 2321503
Pending Feasibility, 345 Days on Market
Listing Office: Windermere Real Estate Midtown
Last Update: 2025-12-16
0
Garages
345
Dom
0.28
Acres
1979
Built
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.
Price & Status History
| Date | Details | Change |
|---|---|---|
| Date: | Details: Status Changed from Active to Pending Feasibility | – |
Features of 4241 21st Avenue W
| MLS® # | 2321503 |
|---|---|
| Price | $3,500,000 |
| Bathrooms | 0.00 |
| Acres | 0.28 |
| Year Built | 1979 |
| Type | Commercial Sale |
| Sub-Type | Commercial Industrial |
| Status | Pending Feasibility |
Community Information
| Address | 4241 21st Avenue W |
|---|---|
| Area | 700 - Queen Anne/Magnolia |
| Subdivision | Magnolia |
| City | Seattle |
| County | King |
| State | WA |
| Zip Code | 98199 |
Amenities
| Parking Spaces | 23 |
|---|---|
| Is Waterfront | No |
Interior
| Heating | 90%+ High Efficiency, HRV/ERV System |
|---|---|
| Cooling | 90%+ High Efficiency, Central A/C, HEPA Air Filtration |
| Fireplace | No |
Exterior
| Exterior Features | Cement/Concrete, Wood Products |
|---|---|
| Foundation | Poured Concrete |
Additional Information
| Days on Market | 345 |
|---|---|
| Cumulative Days on Market | 345 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| Property Taxes | $42,020 |
Listing Details
| Office | Windermere Real Estate Midtown |
|---|
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