Listing Provided Courtesy Of:
Abbey Realty Inc and NWMLS
218 N First Street Shelton, WA
$ 397,997
Property Attributes
  • ID#1753734
  • TypePending
  • CountyMASON
  • CityShelton
  • AreaShelton
  • NeighborhoodDowntown
  • Zip98584
  • StyleRetail
  • Year Built1938
  • Taxes$ 1800
  • Price$ 397,997
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size3,581 SqFt
Listing Provided Courtesy Of:
Abbey Realty Inc and NWMLS
Data Source:
Northwest Multiple Listing Service (NWMLS) - 21 - WA
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.

Price History
4/12/2021 Listed $397,997

General Features

Building Area Units Square Feet
Carport Y/N No
City Shelton
County Mason
Directions Hwy 101North to Shelton exit go right the street turns into First Street and N First Street
Exterior Features Cement/Concrete, Stone, Wood
Insurance Expense 3300
MLS Area 175 - Shelton
Net Operating Income 33300
Possession Tenant's Rights
Possible Use Business, Multi-Family, Office, Retail
Property Style 75 - Retail
Property SubType Commercial Industrial
Property Type Commercial Sale
PropertyCondition Average
Roof Composition
Senior Community Y/N No
Special Listing Conditions None
Standard Status Pending
Status Pending
Street Name First
Structure Type Retail
Subdivision Name Downtown
Tax Annual Amount 1800
Tax Year 2020
Terms Cash Out, Conventional
Topography Level
Total Actual Rent 3775
Total Units 6
Water Company Shelton
Water Sewer Garbage 5700
Year Built 1938
Zoning Class Business, Multi-Family, Office, Retail

Interior Features

Electric On Property Y/N No
Fireplace Y/N No
Furnished Y/N Unfurnished
Living Area Units Square Feet
Street Suffix Street

Exterior Features

Accessory Dwelling Unit AttachedDwelling
Foundation Details Slab
Irrigation Water Rights Y/N No
Lot Dimensions 60*60
Lot Size Acres 0.0822
Lot Size Square Feet 3580
Lot Size Units Square Feet
Open Parking Y/N No
Site Frontage 60
Water Source Public, See Remarks


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Pending Average in 98584

AVG $340K
AVG $2,113
AVG 41
Year Built
AVG 1985
AVG 25
Data Provided by Walkscore ® not using MLS data

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