4241 21st Avenue W in Seattle
| Listing ID: | 2321503 (Commercial) |
|---|---|
| Listing Price: | $3,500,000 |
| Days on Market: | 112 |
Details | |
| Lot Size: | 0.28 acre (12,000 sqft) |
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.
This listing is provided courtesy of NWMLS, contributed by Windermere Real Estate Midtown.
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