4241 21st Avenue W Seattle, WA 98199
12,001 Sq. Ft., 0.275 acres lot size / Industrial
Status: Pending
Listing Courtesy of: Lauren Hendricks - Windermere Real Estate Midtown +1 206 682 1044
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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.
property details
Type
Industrial
Status
Pending
County
King
Year Built
1979
Lot Size
12,001 Sq. Ft., 0.3 acres
Listing Id
2321503
Courtesy Of
Lauren Hendricks - Windermere Real Estate Midtown +1 206 682 1044
List Office Phone
+1 206 682 1044
Subdivision
Magnolia
Interior Features
Flooring
Ceramic Tile
Concrete
Laminate
Carpet
Concrete
Laminate
Carpet
Exterior Features
Roof
Built Up
Flat
Flat
Lot/Land Description
Level
Utility & Building Info
Parcel Number
2771100445
Cooling
Central Air
Water Source
Public Water
Heating
Electric Heating
Tax Amount
45257
Architectural Style
Other
Based on information submitted to the MLS GRID as of 6/6/2026 12:00:00 AM (date and time MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by 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.
IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID
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Price History
| date | event | price | source |
|---|---|---|---|
|
04/15/2026
04/15/2026
|
Pending |
$2,500,000
|
NWMLS - Northwest MLS - Seattle |
|
01/23/2026
01/23/2026
|
Active |
$2,500,000
|
NWMLS - Northwest MLS - Seattle |
|
01/12/2026
01/12/2026
|
Active |
$3,500,000
|
NWMLS - Northwest MLS - Seattle |
|
05/29/2025
05/29/2025
|
Pending |
$3,500,000
|
NWMLS - Northwest MLS - Seattle |
|
01/09/2025
01/09/2025
|
Active |
$3,500,000
|
NWMLS - Northwest MLS - Seattle |
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Market Trends
Source: Constellation1
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