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208 E Pine St
Shelton, WA 98584
Retail Property For Sale
Investment Highlights
- $54,000 GROSS YEARLY INCOME.
- TENANT IS RESPONSIBLE FOR MAINTAINING PROPERTY AND HVACS.
- GARAGE CAN BE SUBLEASED TO INCREASE INCOME! MANY HAVE INQUIRED ABOUT RENTING IT TO USE AS A POSSIBLE PROCESSING SITE.
- TENANT PAYS ALL UTILITIES.
- STRONG AND GROWING BUSINESS WITH FUTURE GROWTH POTENTIAL!
- HUGE WAITLIST FOR LICENSEES LOOKING FOR A SPOT TO START THEIR CANNABIS RETAIL SHOP.
Property Facts
Property Type
Retail
Property Subtype
Building Size
1,160 SF
Year Built
1975
Building Height
1 Story
Building FAR
0.11
Lot Size
0.24 AC
Parking
3 Spaces (2.59 Spaces per 1,000 SF Leased)
Frontage
60’ on Pine
About 208 E PINE ST , SHELTON, WA 98584
**13% CAP RATE!** Strong tenant occupancy in a growing cannabis retail business. 1 of ONLY 3 approved retail sites w/in city limits of Shelton w/NO applications accepted in the foreseable future! Tenants put in OVER $60k in building improvements & sellers put in OVER $20k which includes NEW electrical panel, heat pump, security/camera/alarm system, exterior paint, gutters, roof (back), sump pump & drain release, 3 roll down doors, ADA ramp, ATM machine & more! Amazing downtown location with 60 ft of street frontage & over 33K daily traffic count!
Property Taxes
| Parcel Number | 32017-51-31007 | Improvements Assessment | $164,425 |
| Land Assessment | $48,205 | Total Assessment | $212,630 |
Property Taxes
Parcel Number
32017-51-31007
Land Assessment
$48,205
Improvements Assessment
$164,425
Total Assessment
$212,630
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