MLS #2487454 / Listing provided by NWMLS & Hood Canal Real Estate.
$1,150,000
60 N Lake Cushman Road
Hoodsport,
WA
98320
Year Built
Excellent income/investment opportunity in growing town of Hoodsport, high traffic gateway to Hood Canal/Lake Cushman. Prominent location in center of town on N Lake Cushman Road, just off US Hwy 101. 6260 sf building divided into 4 spaces, each with its own own bathroom. Currently 3 tenants including U.S. Post Office, Dentist, General Contractor/retail and one vacant space which is being marketed now. Good opportunity for owner operator to purchase the building as long term investment and control their long term tenancy. Includes 3 parcels, building is on 2 parcels and 3rd parcel across street has septic drain field and tenant parking. 3rd parcel could become separately developable if sewer replaces septic in Hoodsport. Good roof and paint on this well built building. Property borders beautiful Finch Creek on the backside. Shown by appointment to qualified prospects, please do not disturb tenants. Considerable upside with full occupancy and next years rent increase with USPS per existing long term lease agreement. Should put the cap rent then at around 8%. Listing broker is the owner operator and has owned the building for 25 years.
Disclaimer: The information contained in this listing has not been verified by Hawkins-Poe Real Estate Services and should be verified by the buyer.
Bedrooms
- Upper Level Bedrooms: 0
Fireplaces
- Total Fireplaces: 0
Heating & Cooling
- Heating: Yes
- Cooling: Yes
Parking
- Parking Total: 20
- Total Uncovered Parking Spaces: 20
Structure
- Roof: Composition
- Exterior Features: Wood
- Foundation: Poured Concrete
Lot Details
- Acres: 0.7321
- Foundation: Poured Concrete
Lot Details
- Acres: 0.7321
- Foundation: Poured Concrete
Power
- Energy Source: Electric
- Power Company: Mason County PUD 1
Water, Sewer, and Garbage
- Sewer Company: septic
- Sewer: Septic Tank
- Water Company: Mason County PUD 1
- Water Source: Public
- Water, Sewer, and Garbage: 788
Corryn Lobato
Broker | REALTOR®
Send Corryn Lobato an email