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$2,500,000
562 Days On Site

4241 21st Avenue W
Seattle, WA 98199

Commercial Sale|Pending
0
Beds
0
Total Baths

SqFt

/SqFt
1979
Built
Cumulative Days On Market:
497
Subdivision:
Magnolia
County:
King
Courtesy of NWMLS
Listing courtesy of Lauren Hendricks of Windermere Real Estate Midtown
Call Now: (408) 868-2620
Is this the listing for you? We can help make it yours.
(408) 868-2620
4241 21st Avenue W4241 21st Avenue W4241 21st Avenue W4241 21st Avenue W
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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.

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Listing Snapshot
Price 
$2,500,000
Days On Site 
562 Days
Bedrooms 
N/A
Inside Area (SqFt) 
0 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.2755 Acres
Year Built 
1979
MLS® Number 
2321503
Status 
Pending
Property Tax 
$45,257
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
2 months agoListing updated with changes from the MLS®
2 months agoStatus changed to Pending
6 months agoPrice changed to $2,500,000
2 years agoListing first seen on site
General Features
Acres 
0.2755
Additional Property Use 
CommercialIndustrialOffice
Building Features 
Disabled AccessElevatorSignage IncludedStorage
Property Condition 
Updated/Remodeled
Utilities 
Sewer Connected
Water Source 
Public
Zoning 
Business,Commercial,Industrial,Industrial-Light,Office
Interior Features
Cooling 
Central Air
Flooring 
Ceramic TileConcreteLaminateCarpet
Heating 
Electric
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Exterior Features
Construction Details 
Wood Siding
Frontage 
100
Lot Features 
Level
Roof 
Built-UpFlat
Community Features
Accessibility Features 
Accessible Entrance
Financing Terms Available 
CashConventional
MLS Area 
700 - Queen Anne/Magnolia
Courtesy of NWMLS
Listing courtesy of Lauren Hendricks of Windermere Real Estate Midtown



Listing information is provided by Participants of the Northwest MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2026, Northwest MLS.
All data is obtained from various sources and may not have been verified by the broker or MLS Grid. Supplied open house information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Last checked: 2026-07-26 09:35 PM PDT

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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