24380 Us-101 Hoodsport, WA 98548
This exceptional storefront property, located at 24380 US-101 in Hoodsport, Washington, presents a unique investment opportunity. The 1,090 square foot building, constructed in 1967, sits on a 3,485 square foot lot and is currently vacant, offering immediate occupancy. Its prime location on Highway 101 ensures high visibility and significant foot traffic, making it ideal for a variety of retail businesses. The asking price is $300,000, translating to $275.23 per square foot. The building features an open floor plan bathed in natural light, allowing for flexible space configuration to suit individual business needs. A significant advantage is the inclusion of a fully equipped studio apartment located downstairs, offering versatile use as owner's quarters, additional rental income, or staff accommodation. The property boasts captivating views of Hood Canal and convenient proximity to public beach access, enhancing its appeal and potential for attracting customers. This combination of prime location, versatile space, and attractive features makes this a compelling investment opportunity in the vibrant Hoodsport market. The property's zip code is 98548, and it is situated in Mason County.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.