1421 Olympic Highway S, Shelton, WA 98584

$387,500

Listing courtesy of Keller Williams Downtown Sea.

List Price
$387,500
Status
PENDING
MLS#
1805387
Price Change
▼ $37,250 1633585702
Days on Market
200

Property Description

PRICE REDUCED! DEVELOPER ALERT~ 33,833 sqft DEVELOPMENT SITE in DOWNTOWN SHELTON ON OLYMPIC HIGHWAY, ZONED COMMERCIAL MIXED USE~A PROJECTED DEVELOPMENT GROUND FLOOR ~ RETAIL-OFFICE-RESTAURANT- GROCERY ~ CITY ALLOWS LOTS OF USES PERMITTED EVEN GAS STATIONS- ZONING ALLOWS TO BUILD UP TO 35 FEET WITH 2 FLOORS OF RESIDENTIAL TOWNHOMES-CONDOS-APARTMENTS OR MULTIFAMILY. ALL FIVE PARCELS ARE CONNECTED TO SEWER & WATER, CONDO'S / APARTMENTS OR MULTIFAMILY. The Top Floors with Wonderful Mountain & Water Views. 2 Bedroom House is Currently Rented on Month to Month Lease and Can Will be Vacated in 30 Days, Collect Income from the House & Large Old House / Storage for some Income while you obtain your Building Permits. Residential is Grandfathering in

Additional Information

Community
Downtown
Style
60 - Comm Bldg Und 10K
Roof
Composition
Tax Year
2019
Potential Terms
Cash Out, Conventional
Flooring
Laminate
Driving Directions
FRom Highway 101 continue to Olympic Highway S into Shelton property is on the corners of Ellinor ans Dearborn.
Heating/Cooling Type
Forced Air
Energy Source
Electric
Net Operating Income
$3,481
Gross Adjusted Income
$8,400
Gross Scheduled Income
$8,400
Cap Rate
2
Total Expenses
$4,919
The database information herein is provided from and copyrighted by the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks