Bought with Voetberg Hansen Real Estate
$625,000
$649,500
3.8%For more information regarding the value of a property, please contact us for a free consultation.
0.28 Acres Lot
SOLD DATE : 03/31/2025
Key Details
Sold Price $625,000
Property Type Commercial
Sub Type Commercial Industrial
Listing Status Sold
Purchase Type For Sale
Subdivision Shelton
MLS Listing ID 2316381
Sold Date 03/31/25
Style 73 - Office
Year Built 1965
Annual Tax Amount $8,270
Lot Size 0.275 Acres
Lot Dimensions 120' x 100'
Property Sub-Type Commercial Industrial
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
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
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
"Three Trees" icon indicates a listing provided courtesy of NWMLS.