601 W Railroad Avenue
Shelton, WA 98584
0.28 acres | #2316381
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.
Property Details
- Property SubtypeCommercial Industrial
- InteriorWall to Wall Carpet
- Date ListedDecember 12, 2024
- FoundationPoured Concrete
- Sewer InformationSewer Connected
- Style73 - Office
- Property TypePurchase
- Original List Price$649,500
- SubdivisionShelton
- MLS #2316381
- MLS #2316381
- Acres0.2755
- Utility SourcePublic
- Taxes Annual$8,270
- Cost649500
- Structure TypeOffice
- CountyMason
- Exterior MaterialsWood
- Year Built1965
- Property ConditionGood
- Days on Market (Cumulative)14
Legal
The information contained in this listing has not been verified by Northwest Multiple Listing Service (NWMLS) - WA and should be verified by the buyer.
Based on information submitted to the MLS GRID as of 2024-12-12 23:15:09. 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.
The database information herein is provided from and copyrighted by the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. Listings that feature the "three tree" icon are provided courtesy of NWMLS. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.
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Last Updated: . Source: NWMLS
Listing Courtesy
Listing Agent: Jef Conklin (#NWM17744)
Listing Office: Windermere RE/Himlie (#NWM9117)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
