101 S 1St St Shelton, WA 98584

This mixed-use property is located in downtown Shelton, known as the gateway to Hood Canal and the Olympic Peninsula. The property includes 28 studio units, 10 one-bedroom apartments, and four retail spaces situated along the city’s primary commercial corridor. A 5,000 square-foot parcel at the corner of 1st and Cota Street provides dedicated parking and connects to the main building via a permanent skybridge. The building was retrofitted in 2000 with improvements, including electrical upgrades. Professional on-site management ensures efficient operations. Residents benefit from off-street parking, controlled access, a community garden space, and proximity to schools, grocery stores, shopping, the local movie theater, and downtown amenities. Shelton offers a more affordable cost of living and rental environment compared to nearby Olympia and other South Sound markets. The property has walkable access to the transit center and visibility along South 1st Street, positioning it to capture tenant demand from local renters and those priced out of higher-cost surrounding areas. The property size is 21879 square feet.