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First & Railroad Building

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First & Railroad Building

101 S 1st St, Shelton, WA 98584
Retail,Multi-Family For Sale Available Cap Rate 7.17% Built 1908 3 floors Zoning: DT
Asking Price
$4,500,000
Total Building21,879 SF
Available21,450 SF avail
Land14,447 SF land
Parking Total8
& Uncov.
ConstructionMasonry
MarketMason County
CountyMason

Read Overview
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Overview

Property ID
177291
Listing ID
707581
Type
Multi-Family
Asset Class
Retail,Multi-Family
Zoning
DT

Description

101 First offers a unique mixed-use investment in the heart of downtown Shelton, widely regarded as the gateway to Hood Canal and the Olympic Peninsula. The property features 28 studio units, 10 one-bedroom apartments, and four retail spaces positioned along the city’s primary commercial corridor. A second 5,000 square-foot parcel at the corner of 1st and Cota Street serves as dedicated parking for the property and is connected to the main building via a permanent skybridge. Retrofitted in 2000 with building improvements, including electrical upgrades, the property continues to benefit from professional on-site management and efficient operations. Tenants enjoy off-street parking, controlled access, community garden space, and convenient access to schools, grocery stores, shopping, the l

Listing Courtesy of:

RJ
Reid Jones
Westlake Associates, Inc.
1200 Westlake Ave N S310,
Seattle, WA 98109
State: WA City: Shelton ZIP: 98584 Type: For Sale

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Disclaimer: The information contained in this listing has not been verified by Muljat Commercial and should be verified by the buyer.