4241 21st Avenue W, Seattle, WA 98199

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.

Listing Status:

Active

Data Last Updated:

February 14, 2026 at 1:22PM

Listing Office:

Windermere Real Estate Midtown : 206-682-1044

Listing Agent:

Lauren Hendricks : 206-448-6400

MLS ID:

2321503

Interior

• Flooring: Ceramic TileConcreteLaminateCarpet
• A/C: 90%+ High EfficiencyCentral A/CHEPA Air Filtration
• Heating: 90%+ High EfficiencyHRV/ERV System
• Fireplace: Fireplaces: 0

Exterior

• General: Cement/ConcreteWood Products
• Parking: Parking spaces: 23

Construction

• Roofing: Built-UpFlat
• General: 61 - Comm Bldg Ovr 10KPoured Concrete

Location

• HOA Amenities: 0.0
• Originating MLS: nwmls
• County: King

Lot

• Topography: Level
• Zoning: 2771100445

Utilities

• Water: Public
• Sewer: Sewer Connected

Financial

• Source: nwmls