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$1,275,000

  • Sold
  • Closed
  • Industrial

Listed and Sold by Alex Bradshaw | Michael J Real Estate LLC | (206) 200-1234

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Located in Shelton, WA, this 32-unit motel comes with a restaurant space already occupied by paying tenants. The property includes a manager's quarters, ensuring efficient on-site management and oversight. This is a massive investment opportunity for anyone seeking a building with strong cash flow and significant upside potential. With strategic updates, this property can achieve higher rental rates and increased occupancy. Alternatively, consider converting the units to studios to maximize revenue. Don't miss out on this versatile, income-generating property with tremendous growth potential.

Full Property Details for 628 W Railroad Ave

General

  • Sold For: $1,275,000
  • Taxes: (2022)
  • Status: Closed
  • Type: Industrial
  • Source: NWMLS
  • MLS ID: 2252117
  • Added to Site: 651 day(s) ago

Location

  • Area: 177 - SW Mason County
  • County: Mason
  • Subdivision: Shelton
  • Driving Directions: Turn right off shelton way and see home on the left hand side

Structural Information

  • Structure Type: Hotel/Motel
  • Year Built: 1963

Lot Features

  • Lot Size (Acres): 0.6
  • Lot Size (Sq. Ft.): 26,136
  • Lot Size Source: Public Records

Financial Considerations

  • Tax Year: 2022
  • Terms: Cash Out, Conventional

Disclosures and Reports

  • Special Conditions: None
  • Property ID: 320196504005

Listed and Sold by Alex Bradshaw | Michael J Real Estate LLC | (206) 200-1234

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NMLS#: 1598647

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with our affiliated lender
NMLS#: 1598647

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Schools serving 628 W Railroad Ave

School District:Shelton School District
NameGradesDistance
Evergreen Elementary School, Shelton, WA
900 West Franklin Street, Shelton, WA 98584
K-50.2 mi
Olympic Middle School, Shelton, WA
800 East K Street, Shelton, WA 98584
6-71.2 mi
Oakland Bay Junior High School
3301 North Shelton Springs Road, Shelton, WA 98584
8-91.5 mi
Shelton High School
3737 North Shelton Springs Road, Shelton, WA 98584
9-121.7 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 628 W Railroad Ave

Date
Details
Price
Change
Source
7/30/2024
Sold
$127,500
-91.5%
MLS
6/21/2024
Listed
$1,500,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed and Sold by Alex Bradshaw | Michael J Real Estate LLC | (206) 200-1234

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628 W Railroad Avenue, Shelton, WA 98584 (MLS# 2252117) is a Industrial property that was sold at $1,275,000 on July 30, 2024. Want to learn more about 628 W Railroad Avenue? Do you have questions about finding other Industrial real estate for sale in Shelton? You can browse all Shelton real estate or contact a Coldwell Banker agent to request more information.