Bought with Michael J Real Estate LLC
$1,275,000
$1,500,000
15.0%For more information regarding the value of a property, please contact us for a free consultation.
628 W Railroad AVE Shelton, WA 98584
0.6 Acres Lot
Key Details
Sold Price $1,275,000
Property Type Commercial
Sub Type Commercial Industrial
Listing Status Sold
Purchase Type For Sale
Subdivision Shelton
MLS Listing ID 2252117
Sold Date 07/30/24
Style 64 - Hotel/Motel
Year Built 1963
Lot Size 0.600 Acres
Property Description
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.
Location
State WA
County Mason
Area 177 - Sw Mason County
Interior
Fireplace false
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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