4241 21st Avenue W

Seattle, WA 98199

  • Bed

  • Bath

  • 0 SqFt

  • 316 DOM

  • Built: 1979

  • Status: Active

$3,500,000

X

4241 21st Avenue W

Seattle 98199

$3500000

  • Bed

  • Bath

  • 0 SqFt

  • 316 DOM

  • Built: 1979

  • Status: Active

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Srinivas Kasam

CEO & Founder

(650)533-3259

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.

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Residence Information

  • 0

  • 20778

  • Built-Up, Flat

  • 61 - Comm Bldg Ovr 10K

  • 1979

  • Poured Concrete

Features and Utilities

  • Ceramic Tile, Concrete, Laminate

  • Cement/Concrete, Wood Products

  • Public

  • Sewer Connected

  • 8078

Financial

  • 42020

  • Cash Out, Conventional

  • 01-09-2025

  • 28039

Comparable Information

  • 316

  • 316

  • Cash Out, Conventional

  • $3,500,000

  • $3,500,000

  • Apr 30, 2025 22:33

Schools

Map

Listing courtesy of Windermere Real Estate Midtown.

The content relating to real estate for sale on this site comes in part from the IDX program of the NWMLS of Seattle, Washington. Real Estate listings held by brokerage firms other than this firm are marked with the NWMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2025 NWMLS of Seattle, Washington. All information provided is deemed reliable but is not guaranteed and should be independently verified. Kasamestates data last checked: May 13, 2025 02:45 | Listing last modified Apr 30, 2025 22:33. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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