317 W Railroad Ave $225,000

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    317 W Railroad Ave Shelton, WA 98584

    • 0.04 Acres
    • Commercial/Industrial
    Listing# 1462010 | Active

    $225,000

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    Days On Market: 35 0 Views
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    Property Details

    What a great opportunity to own a Railroad Avenue commercial building that has an apartment above it! This wonderful building, located between 3rd and 4th streets in the heart of downtown Shelton, features a huge show room up front, with office, restrooms and storage space in the rear, AND a nice 825sf, 2-bedroom 1-bath apartment above with its own exterior entrance. Come join the fun as downtown Shelton revitalizes - its a "happenin spot"!

    • General Features
      • County Mason
      • Zoning Class Commercial
      • Zoning Jurisdiction City
      • Style 60-Comm Bldg Und 10K
      • Approx Building SqFt 2,400
      • Approx Whse/Mfg SqFt 0
      • Approx Office SqFt 0
      • Total Uncovered Parking 0
      • Total Covered Parking 0
      • Lot Dimensions 20x100 +/-
    • Building Features
      • Exterior Brick
      • Foundation Poured Concrete, Slab
      • Roof Torch Down
      • Floor Covering Vinyl, Wall-to-Wall Carpet
      • Heating and Cooling Baseboard, Forced Air
    • Property Features
      • Lot Square Footage 1,742
      • Depth of Lot 100
      • Site Frontage 20
      • Expansion Area N
      • Environment Survey N
      • Water-Sewer-Garbage 2400
      • Sewer Sewer Connected
      • Sewer Company City of Shelton
      • Energy Source Natural Gas
      • Power Company PUD #3
      • Number of Available Pads 0
      • Pad Ready N
    • Financials
      • Free and Clear Y
      • Vacancy Rate 0
      • Total SqFt Rented 1,825
      • Total Monthly Rent $2,200
      • Gross Rent Multiplier 7
      • Cap Rate -NOI div LP 10
      • Gross Scheduled Income $31,200
      • Gross Adjusted Income $31,200
      • Total Expenses $8,230
      • NOI $22,970
      • Electrical Expenses $2,340
      • Tax Expense $1,590
      • Heating Expense $900
      • Insurance Expense $1,000
      • Annual Assoc. Dues $0
      • Other Expenses $0
      • Tax Year 2019

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    Neighborhood

    98584 (Shelton) Demographics

    43Median Age
    108Population Density (per sq. mile)
    28%College Educated
    $48,238 Estimated Median Income
    9,616Estimated Total Home Owners
    3,716Estimated Total Renters
    72% / 28%Estimated Owner / Renter Divide
    2Estimated Average Household Size
    36,731Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $240,997 Median Sales Price
    68 Homes Sold
    0 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $225,000
        7/16/2019 5:51:00 PM New in Database Source

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        This property search is part of the Reliance Network website. Listing information is courtesy of the WA-NWMLS and Reliance Network. Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2019. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental Information has not been verified by agent and should be verified by buyer.