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Anchored Shopping Center
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2505 Olympic Hwy N, Shelton, WA 98584

100% occupied shopping center anchored by DSHS and Mason General Hospital with long-term tenancy.

Property Size62,006 SF
Days on Market174

Property Features for 2505 Olympic Hwy N

General Information

Standard status Pending
Size 62,006 SF
Property subtype RETAIL
Occupancy 100%
Listing Agency: Kidder Mathews
Listed By: Parker Ksidakis · License #112893
Source: Moodyscre
Added: Feb 16 Changed: Aug 8 Last Checked: Aug 8 at 10:31AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Kidder Mathews

Investment Insights

Based on property information with market context.

Gateway Center is a 100% occupied shopping center investment comprising 62,006 square feet. The center is anchored by the Department of Social & Health Services (DSHS) and Mason General Hospital.

Both anchors have occupied the property for 20+ years, supporting stable, long-standing occupancy. Located at 2505 Olympic Hwy N in Shelton, Washington, the center’s average rental rate is listed at $13.42 per square foot.

Key Highlights

  • Gateway Center in Shelton, WA is 100% occupied with tenants anchored by DSHS and Mason General Hospital.
  • Both tenants have occupied the property for 20+ years, supporting long‑term tenancy.
  • Average rental rate is $13.42 psf, substantially below market averages based on the provided remarks.

Property Analytics

Current Use

Shopping centers

Suggested Use

Top Pick Building Supply HVAC Service Law Firm Parking Lot & Garage Real Estate Agency Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%
Occupancy

Location Intelligence

Trade Area within ½ mile

692
Businesses Nearby
Balanced
Demand for This Use

Demographics for 98584, WA

39,266
Population
17,402
Households
2.3
Avg Household Size
43
Median Age
21%
College-Educated
89%
High-School Grad
359.5 sq mi
ZIP Area
109
Density / Sq Mi
$73,149
Median Household Income
$41,593
Median Earnings
$1,250
Median Rent
$365,200
Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025
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Frequently Asked Questions

What type of property is this?
Shopping center - 100% occupied shopping center anchored by DSHS and Mason General Hospital with long-term tenancy.
Where is this shopping center located?
The property is located at 2505 Olympic Hwy N Shelton, WA.
What is the asking price?
The asking price for this property is $7,260,000.
What are key features of this property?
This property features: Gateway Center in Shelton, WA is 100% occupied with tenants anchored by DSHS and Mason General Hospital.; Both tenants have occupied the property for 20+ years, supporting long‑term tenancy.; Average rental rate is $13.42 psf, substantially below market averages based on the provided remarks.
(206) 747-4338 Call to check price and availability
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