317 W Railroad Ave $215,000

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    317 W Railroad Ave Shelton, WA 98584

    • 0.04 Acres
    • Commercial/Industrial
    Listing# 1462010 | Active
    Days On Market: 151 14 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
      • Approx Building SqFt 2,400
      • Approx Office SqFt 0
      • Approx Whse/Mfg SqFt 0
      • Zoning Class Commercial
      • Lot Dimensions 20x100 +/-
      • Selling Office Commission 2.5
      • Style 60-Comm Bldg Und 10K
      • Total Covered Parking 0
      • Total Uncovered Parking 0
      • Zoning Jurisdiction City
    • 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
      • 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
      • Lot Square Footage 1,742
    • 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
      • Other Expenses $0
      • Tax Year 2019
      • Annual Assoc. Dues $0

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    Neighborhood

    98584 (Shelton) Demographics

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

    Market Last 30 Days

    $248,000 Median Sales Price
    48 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: $215,000
        11/11/2019 12:03:30 PM Price Reduced Source New Value: $215,000 -4.44%
        7/16/2019 5:51:00 PM New in Database Source New Value: $225,000

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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.