WA > Seattle > Magnolia
Seattle, WA 98199,4241 21st AVE W
Seattle, WA 98199,4241 21st AVE W
Seattle, WA 98199,4241 21st AVE W
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Josh Barnard

Josh Barnard

+1(253) 677-5765
Listed by Windermere Real Estate Midtown
$3,500,000
Est. payment /mo
0.28 Acres Lot
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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 $42,020

Lot Size 0.275 Acres

Lot Dimensions 100 x 120

Property Sub-Type Commercial Industrial

Property Description

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.

Location

State WA

County King

Area 700 - Queen Anne/Magnolia

Interior

Interior Features Ceramic Tile, Concrete, Laminate

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 Out, Conventional

Listing Terms Cash Out, Conventional

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Northwest MLS (NWMLS)
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Josh Barnard

+1(253) 677-5765

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