Skip To Content

    218 N First Street

    Shelton, WA 98584
    • $397,997
    • STATUS: Pending
    • ON SITE: 194 Days
    • ID#: 1753734
    Under Contract
    UPDATED: 28 min ago
    $397,997
    • 0
      BEDS
    • 0.08
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1938
    County:
    Area:

    School Ratings & Info

    Listing Courtesy of Abbey Realty Inc.

    Description

    Ideally located investment property with two storefronts right on First Street in Shelton with 4-apartments upstairs. This is a rare opportunity to be able to buy a great cash-flowing commercial property or to buy a building to run your business and have the apartments offset the cost of financing. This property is fully leased currently and generates around $3,775 per month in income! Long-term tenants, 5-14 years. Apt's #1, #2 & 2nd office space fully remodeled. New roof 3-yrs ago and recently upgraded windows. On bus route and Ideally located and within walking distance to just about everything downtown.

    Monthly Payment Calculator



    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Engel & Völkers Federal Way are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-10-24T23:15:23.76.

    www.recordrre.com/homes/116023555
    Print Image

    218 N First Street Shelton, WA 98584

    • Price: $397,997
    • Status: Pending
    • Updated: 28 min ago
    • ID#: 1753734
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.08
    Acres
    1938
    Built
    Neighborhood:
    Downtown
    County:
    Mason
    Area:
    Shelton
    Property Description
    Ideally located investment property with two storefronts right on First Street in Shelton with 4-apartments upstairs. This is a rare opportunity to be able to buy a great cash-flowing commercial property or to buy a building to run your business and have the apartments offset the cost of financing. This property is fully leased currently and generates around $3,775 per month in income! Long-term tenants, 5-14 years. Apt's #1, #2 & 2nd office space fully remodeled. New roof 3-yrs ago and recently upgraded windows. On bus route and Ideally located and within walking distance to just about everything downtown.
    Exterior Features

    Carport YN No Exterior Features Cement/ConcreteStoneWood Lot Size Dimensions 60*60 Open Parking YN No Parking Total 0 Roof Composition Structure Type Retail Style Code 75 - Retail Topography Level

    Interior Features

    Building Area Total 0 Fireplace YN No Furnished Unfurnished Living Area 0 Square Footage Finished 0 Square Footage Unfinished 0

    Property Features

    Accessory Dwelling Unit Attacheddwelling Electric On Property YN No FIRPTAYN No First Right Of Refusal No Foundation Details Slab Irrigation Water Rights YN No Listing Terms Cash OutConventional Net Operating Income 33300 Possession Tenant's Rights Possible Use BusinessMulti-FamilyOfficeRetail Power Company Pud 3 Property Condition Average Property Sub Type Commercial Industrial Senior Community YN No Sewer Company Shelton Special Listing Conditions None Tax Annual Amount 1800 Tax Year 2020 Water Company Shelton Water Source PublicSee Remarks Zoning Class BusinessMulti-FamilyOfficeRetail Zoning Jurisdiction City

    Listing information © 2021 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by Engel & Völkers Federal Way and should be verified by the buyer.


    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Engel & Völkers Federal Way are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-10-24T23:15:23.76.

     
    https://bt-photos.global.ssl.fastly.net/nwmls/orig_boomver_1_1753734-2.jpg https://bt-photos.global.ssl.fastly.net/nwmls/orig_boomver_1_1753734-2.jpg https://bt-photos.global.ssl.fastly.net/nwmls/orig_boomver_1_1753734-2.jpg
    Logo
    Engel & Völkers Federal Way
    2012 S. 320th St. Suite A
    Federal Way WA, 98003
    Listing Courtesy of Abbey Realty Inc.