Shelton Mixed-Use Investment
101 S 1st St, Shelton, WA 98584
Mixed-use property in downtown Shelton with apartments and retail spaces.
Type:Mixed Use, Multifamily, Retail
Property size:
21,879 SFLot size:
0.11 AcresPrice / SF:
$205/SF- Added:
- Jan 26, 2026
- Days on Market:
- 106
- Last Refresh:
- Mar 17 at 1:13 pm
Property Features for 101 S 1st St
General Information
- Standard status
- Active
- Size
- 21,879 SF
- Lot size
- 0.11 Acres
- Property subtype
- Mixed Use, Multifamily, Retail
Building Details
- Year Built
- 1908
Listing agent Reid Jones License #87080
Listing office Westlake Associates, Inc.
Listing date Jan 26, 2026
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of Westlake Associates, Inc.
HighLights
- Mixed‑use investment property featuring 28 studio units, 10 one‑bedroom apartments, and four retail spaces.
- Benefit from a dedicated 5,000 sq ft parking parcel connected via skybridge.
- Located in downtown Shelton, the gateway to Hood Canal and the Olympic Peninsula.
- Benefits from professional on‑site management and efficient operations.
- Tenants enjoy controlled access and community garden space.
- Shelton offers a more affordable cost of living and rental environment relative to nearby Olympia and other South Sound markets.
Overview
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.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Retail space
Location Insight
- Map
- Local Demand
- City
- Shelton
- County
- Mason
- State
- Washington
- Longitude
- -123.100374
- Latitude
- 47.2125648
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Mixed-use property in downtown Shelton with apartments and retail spaces.
Where is this mixed-use property located?
The property is located at 101 S 1st St Shelton, WA.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: Mixed‑use investment property featuring 28 studio units, 10 one‑bedroom apartments, and four retail spaces.; Benefit from a dedicated **5,000 sq ft parking parcel connected via skybridge.**; Located in downtown Shelton, the gateway to Hood Canal and the Olympic Peninsula.
