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Listed by:Windermere Real Estate Midtown • Lauren Hendricks

$2,500,000

Est. payment - /mo

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0.28 Acres Lot

Pending

4241 21st AVE W Seattle, WA 98199

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Ryan Born

ryan@born-realty.com +1(206) 498-0342

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Key Details

Property Type Commercial

Sub Type Commercial Industrial

Listing Status Pending

Purchase Type For Sale

Subdivision Magnolia

MLS Listing ID 2321503

Style 61 - Comm Bldg Ovr 10K

Year Built 1979

Annual Tax Amount $45,257

Lot Size 0.275 Acres

Lot Dimensions 100 x 120

Property Sub-Type Commercial Industrial

Property Description

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.

Location

State WA

County King

Area 700 - Queen Anne/Magnolia

Interior

Flooring Ceramic Tile, Concrete, Laminate, Carpet

Fireplace false

Exterior

Exterior Feature Cement/Concrete, Wood Products

Roof Type Built-Up,Flat

Building

Sewer Sewer Connected

Water Public

Others

Senior Community No

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

"Three Trees" icon indicates a listing provided courtesy of NWMLS.

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Breakdown

Mortgage values are calculated by Lofty and are for illustration purposes only, accuracy is not guaranteed.

Amenities & Attractions

Restaurants

Home Services

Health & Medical

Local Services

Shopping

Recreation

Arts & Entertainment

Food

Beauty

Nightlife

Event Planning & Services

Automotive

Religious Organizations

Financial Services

Professional Services

Travel

Pets

Local Media

Public Services & Government

Education

Niko’s Gyros

2231 32nd Ave W, Seattle, WA 98199

Greek Phone: 206-285-4778
Teriyaki Bowl

4207 Gilman Ave W, Seattle, WA 98199

Japanese Phone: 206-282-4476
The New Pandasia

1625 W Dravus St, Seattle, WA 98119

Asian Fusion Phone: 206-283-9030
Thow International

2120 W Emerson Pl, Seattle, WA 98199

Delis Phone: 206-284-2365
Gim Wah Restaurant

3418 W McGraw St, Seattle, WA 98199

Chinese Phone: 206-284-7000
Subway

3320 W McGraw St, Seattle, WA 98199

Sandwiches Phone: 206-285-6907
Red Mill Burgers

1613 W Dravus St, Seattle, WA 98119

Burgers Phone: 206-284-6363
Queen Margherita Pizza

3111 W McGraw St, Seattle, WA 98199

Pizza Phone: 206-548-4908
Sunny Teriyaki

2120 W Emerson Pl, Seattle, WA 98199

Japanese Phone: 206-281-9339
Pac Maru

4209 21st Avenue W, Seattle, WA 98199

Seafood Phone: 206-282-0196
Petit Pierre Bakery

3204 W McGraw St, Seattle, WA 98199

Bakeries Phone: 206-406-7271
Mulleady’s Irish Pub

3055 21st Ave W, Seattle, WA 98199

Breakfast & Brunch Phone: 206-283-8843
Ocean Fare

2828 Thorndyke Avenue W, Seattle, WA 98199

Seafood Phone: 206-282-0908
Citizen Six

945 Elliott Ave W, Seattle, WA 98119

Korean Phone: 206-588-2224
Tanglewood Supreme

3216 W Wheeler St, Seattle, WA 98199

Seafood Phone: 206-708-6235
Merco Intertrade

4039 21st Ave W Ste 200, Seattle, WA 98199

Seafood Phone: 206-282-5655
Nautilus Seafood’s

4215 21st Ave W, Seattle, WA 98199

Seafood Phone: 206-285-6150
Papa Bois

Seattle, WA 98109

Caribbean Phone: 425-341-3657
Maggie Bluffs

2601 W Marina Pl, Seattle, WA 98199

American (Traditional) Phone: 206-283-8322

Educational Environment

Elementary Schools (3)Middle Schools (2)

Name

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