2505 Olympic Hwy N
Shelton WA 98584
2505 Olympic Highway N
2505 Olympic Hwy N Shelton WA 98584
Listing #: 708680 | Status: Available | Last Modified: 4/13/2026 |
For Sale
- Phone:(206) 747-4338
- Email:david.gellner@kidder.com
- Office Name:Kidder Mathews
- Office Phone:(208) 362-8600
- Office Website:
- Agent Phone:(206) 708-9420
- Agent Email:parker.ksidakis@kidder.com
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 7,960,000.0
- $/SF$ 128.4
- Listing StatusAvailable
- Days on Market64
- Asset ClassRetail
- Terms
- Investment Type
- Investment PropYes
- Gross Income0
- Vacancy Factor %0.00%
- Operating Expenses0
- Net Operating Income0
- CAP Rate 7.75 %
- Min Total SF0
- Max Total SF0
- Lease Rate Low$ 00.0
- Lease Rate High$ 00.0
- Heat Source
- Total Units
- Water
- Electricity
- Storm Sewer
- SignageSignage on Building and Freestanding
- Anchor
- Crane Count
- Crane Tonnage0
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Second Road Front
- Grade Level Door Count
- Tennant Improvement Allowance
- Building StatusExisting
- # of Buildings3
- # of Floors1
- # of Units
- # of Elevators
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Total Building SF62006
- Net Rentable Area62006
- Total Office SF
- Largest Contiguous SF
- Lot SF211412
- Acres4.85
- Property TypeRetail
- Office Type
- Building Class
- CountyMason
- Vicinity
- Location Description
- Second Address
- Cross Street
- Market AreaMason County
- Tax ID #42013-54-00006
- Additional Parcels42013-54-00004, 42013-54-00005, 42013-54-00007, 42013-54-00014, 42013-54-00015
- ZoningCommercial
- Year Built1975
- Year Renovated
- Completion Date
- Roof Type
- Construction Type
Gateway Center
We are pleased to present the opportunity to acquire the Gateway Center in Shelton, Washington, a 100% occupied shopping center investment anchored by Department of Social & Health Services (DSHS) and Mason General Hospital. Both tenants have occupied the property for 20+ years, providing a strong foundation of consistent occupancy and dependable cash flow. The average rental rate at the Gateway Center stands at an exceptionally low $13.42 psf – substantially below market averages – creating a compelling value-add opportunity through base rent increases and transitioning leases to NNN lease structures.
