208 E Pine St

    Shelton, WA 98584
    • $399,999
    • STATUS: Active
    • ON SITE: 95 days
    • ID#: 1568026
    $399,999
    • 0
      BEDS
    • 0.24
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1975
    County:
    Area:

    School Ratings & Info

    Listing Courtesy of Solution Partners Nw.

    Description

    RARE opportunity~UNBELIEVABLE 13% CAP RATE! Strong tenant occupancy in a recession-proof cannabis business! 1 of ONLY 3 approved retail sites w/in city lmts of Shelton w/NO applications accepted in foreseable future! Tenants added ~$60k in building improvements & sellers put in ~$20k! NEW electrical panel, heat pump, security/camera sys, gutters, roof (back), sump pump, roll down doors, ADA ramp, ATM & attic (tall ceilings)! Amazing downtown location w/60' of st frontage & ~33K daily traffic ct!

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    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 Mike & Sandi Nelson Real Estate are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2020-05-27T00:13:58.54.

    www.searchkitsaphomes.com/homes/103441045

    208 E Pine St Shelton, WA 98584

    • Price: $399,999
    • Status: Active
    • ID#: 1568026
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.24
    Acres
    1975
    Built
    Neighborhood:
    Shelton
    County:
    Mason
    Area:
    Shelton
    Property Description
    RARE opportunity~UNBELIEVABLE 13% CAP RATE! Strong tenant occupancy in a recession-proof cannabis business! 1 of ONLY 3 approved retail sites w/in city lmts of Shelton w/NO applications accepted in foreseable future! Tenants added ~$60k in building improvements & sellers put in ~$20k! NEW electrical panel, heat pump, security/camera sys, gutters, roof (back), sump pump, roll down doors, ADA ramp, ATM & attic (tall ceilings)! Amazing downtown location w/60' of st frontage & ~33K daily traffic ct!
    Exterior Features

    Exterior Wood Foundation Post & BlockSlab Lot Depth 0 Lot Topography And Vegetation Level Roof Composition Site Frontage 60 Style 60 - Comm Bldg Und 10K Total Covered Parking Spaces 1 Total Uncovered Parking Spaces 3 Waterfront Footage 0

    Interior Features

    Building Sq Ft 1160 Floor Covering Vinyl Heating And Cooling Heat PumpDuctless HP-Mini Split Office Sq Ft 0 Total Sq Ft Rented 1160

    Property Features

    Assessed Value Improvements 0 Assessed Value Land 0 Assessed Value Total 0 Assessed Value Year 0 Available Pads 0 Bank Owned No Boundary Survey 13.00 Commercial Features StorageJ Electrical Expenses 0 Energy Source Electric EPSEnergy 0 Form17 Provided General Zoning Classification CommercialRetailSee Remarks Gross Adjusted Income 0 Gross Rent Multiplier 7 Gross Scheduled Income 54000 Heating Expenses 0 Hers Index 0 Home Owner Dues 0 Insurance Expenses 1372 Net Operating Income 50902 Other Expenses 0 Possession Sub. Tenant's Rights Power Company Pud#3 Power Service Amps 0 Right Of First Refusal No Sewer Sewer Connected Sewer Company City Tax Amount 1726 Tax Year 2019 Terms Cash OutConventional Third Party Approval Required None Total Expenses EXP 3098 Total Expenses TEX 3098 Total Monthly Rent 4500 Vacancy Rate 0 Water Company City Of Shelton Water Sewer Garbage 0 Water Source See Remarks Zoning Jurisdiction City

    Listing information © 2020 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 Mike & Sandi Nelson Real Estate 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 Mike & Sandi Nelson Real Estate are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2020-05-27T00:13:58.54.

     
    Mike & Sandi Nelson Real Estate
    Serving all your real estate needs
    Kitsap County WA,
    Listing Courtesy of Solution Partners Nw.