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2505 Olympic Hwy N Shelton, WA 98584

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For Sale
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Fully occupied shopping center anchored by long-term tenants.

Property size:
62,006 SF
Lot size:
4.86 Acres

Property Features for 2505 Olympic Hwy N

General Information

Standard status
Active
Size
62,006 SF
Lot size
4.86 Acres

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Listing Contact
David Gellner
Source: Crexi

Listing Agency: Kidder Mathews Seattle Listing Agent: David Gellner

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Shelton Shopping Center For Sale

The Gateway Center in Shelton, Washington, presents an opportunity to acquire a 100% occupied shopping center investment. Anchored by the Department of Social & Health Services (DSHS) and Mason General Hospital, both tenants have occupied the property for over 20 years, establishing a history of consistent occupancy and reliable cash flow. The property encompasses a total size of 62006 square feet. The average rental rate is $13.42 per square foot, which is below market averages, suggesting a value-add opportunity through base rent increases and transitioning leases to NNN structures. This commercial real estate is suitable for retail and shopping center purposes.
Location Intelligence

Current Use by Public Records

Shopping centers

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

Zoning and permitted uses should be independently verified with local authorities.

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Location Insight

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  • Local Demand
City
Shelton
County
Mason
State
Washington
Longitude
-123.124895
Latitude
47.2261664

FAQs

What type of property is this?
Shopping center - Fully occupied shopping center anchored by long-term tenants.
Where is this shopping center located?
The property is located at 2505 Olympic Hwy N Shelton, WA.
What are key features of this property?
This property features: - 100% occupied shopping center investment.; - Anchored by Department of Social & Health Services (DSHS) and Mason General Hospital.; - Tenants have occupied the property for 20+ years.
More about this property
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