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601 W Railroad Avenue

Shelton, WA 98584
  • $649,500
  • STATUS: Pending
  • MLS #: 2316381
UPDATED: 45 min ago
$649,500
  • 0
    BEDS
  • 0.28
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1965
County:
Area:

School Ratings & Info

Northwest MLS logo Listing information ©2025 Northwest MLS. Listing courtesy of Windermere RE/Himlie.
Mortgage Calculator is provided by BoomTown.

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.

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IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.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 Keller Williams Tri-Cities are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. The three tree icon refers to an NWMLS listing. Data last updated 2025-03-20T15:16:01.843. The "Days on Site" data field is calculated by BoomTown and is the number of days since the listing was originally received in our system. It is not the equivalent of "Days on Market".
Based on information submitted to the MLS GRID as of 2025-03-20T15:16:01.843. 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.
www.communityrealestategroup.com/homes/158728761
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601 W Railroad Avenue Shelton, WA 98584

  • Price: $649,500
  • Status: Pending
  • On Site: Days
  • Updated: 45 min ago
  • MLS #: 2316381
0
Beds
0
Baths
0
½ Baths
0.28
Acres
1965
Built
Neighborhood:
Shelton
County:
Mason
Area:
Shelton
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.
Exterior Features

Carport YN No Construction Methods Double WallStandard Frame Covered Spaces 0 Exterior Features Wood Lot Size Dimensions 120' x 100' Open Parking YN No Parking Total 16 Roof Composition Structure Type Office Style Code 73 - Office Topography Level

Interior Features

Baths Full Upper 0 Baths Half Upper 0 Baths Three Quarter Upper 0 Bedrooms Upper 0 Building Area Total 0 Cooling Central A/CHeat Pump Cooling YN Yes Fireplace YN No Fireplaces Total 0 Flooring VinylCarpet Heating Forced AirHeat Pump Heating YN Yes Interior Features Wall to Wall Carpet Living Area 0 Square Footage Finished 0 Square Footage Unfinished 0

Property Features

Association Fee 0 Association YN No Detached Dwelling Sq Ft Finished 0 Energy Source ElectricNatural Gas FIRPTAYN No First Right Of Refusal No Foundation Details Poured Concrete Green Energy Efficient Double Wall Irrigation Water Rights YN No Listing Terms Cash OutConventional Lot Number 1 and 2 Net Operating Income 43322 Possession ClosingTenant's Rights Possible Use BusinessCommercialOfficeRetailSee Remarks Power Company PUD #3 Power Production Type ElectricNatural Gas Property Condition Good Property Sub Type Commercial Industrial Senior Community YN No Sewer Sewer Connected Sewer Company City of Shelton Short Term Rental YN No Special Listing Conditions None Tax Annual Amount 8270 Tax Year 2024 Water Company City of Shelton Water Source Public Year Built Effective 1965 Zoning Class BusinessCommercialOfficeRetailSee Remarks Zoning Jurisdiction City



IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.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 Keller Williams Tri-Cities are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. The three tree icon refers to an NWMLS listing. Data last updated 2025-03-20T15:16:01.843. The "Days on Site" data field is calculated by BoomTown and is the number of days since the listing was originally received in our system. It is not the equivalent of "Days on Market".
Based on information submitted to the MLS GRID as of 2025-03-20T15:16:01.843. 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.
 
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Keller Williams Tri-Cities
507 Knight Street
Richland WA, 99352
Northwest MLS logo Listing information ©2025 Northwest MLS. Listing courtesy of Windermere RE/Himlie.
Mortgage Calculator is provided by BoomTown.