208 E Pine St, Shelton, WA 98584

$399,999

Listing courtesy of Solution Partners NW.

List Price
$399,999
Status
ACTIVE
MLS#
1568026
Days on Market
45

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!

Additional Information

Community
Shelton
Property Type
COMI
Style
60 - Comm Bldg Und 10K
Year Built
1975
Exterior
Wood
Roof
Composition
Annual Taxes
$1,726
Tax Year
2019
Potential Terms
Cash Out, Conventional
ENS
Electric
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