601 W Railroad AVE, Shelton, WA 98584 - MLS#2316381

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ONE Real Estate

broker@1realty.com +1(360) 201-0908

Listed by Windermere RE/Himlie

$ 649,500

Est. payment -/mo

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Active

601 W Railroad AVE Shelton, WA 98584

0.28 Acres Lot

UPDATED:

12/13/2024 07:15 AM

Key Details

Property Type Commercial

Sub Type Commercial Industrial

Listing Status Active

Purchase Type For Sale

Subdivision Shelton

MLS Listing ID 2316381

Style 73 - Office

Year Built 1965

Annual Tax Amount $8,270

Lot Size 0.275 Acres

Lot Dimensions 120' x 100'

Property Description

This is a great investment opportunity in the heart of downtown Shelton, WA with a good history and with very little vacancy. Property has been well maintained and is turn key. Prime corner location with additional alley access. Zoned "Downtown" that may allow for additional expansion as onsite parking is not required under this zoning. All four suites are fully serviced and lease rates include all utilites being paid by the owner. Even being fully serviced, the Net Operating Income indicates a 6 to 7% Capitalization Rate at the asking price. The photos should speak for themselves but we are happy to arrainge "off hour" tours for you and your Broker. Easy walking to banks, post office, several good restaurants, Court House and City Hall.

Location

State WA

County Mason

Area 175 - Shelton

Interior

Interior Features Wall to Wall Carpet

Flooring Vinyl, Carpet

Fireplace false

Exterior

Exterior Feature Wood

Roof Type Composition

Building

Sewer Sewer Connected

Water Public

Others

Senior Community No

Acceptable Financing Cash Out, Conventional

Listing Terms Cash Out, Conventional

"Three Trees" icon indicates a listing provided courtesy of NWMLS.

ONE Real Estate

Broker

+1(360) 201-0908

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