60 N Lake Cushman Road, Hoodsport, WA 98320
- $1,150,000
Listing courtesy of Hood Canal Real Estate.
- List Price
- $1,150,000
- Status
- ACTIVE
- MLS#
- 2487454
- Days on Market
- 149
- Annual Tax Ammount
- 7630
- Internet Provider
- HCTC
Property Description
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. Fully leased to 4 tenants including U.S. Post Office, Dentist, General Contractor and VW parts store. 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 next years rent increase with USPS per existing long term lease agreement. Listing broker is the owner operator and has owned the building for 25 years.
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Additional Information
- Community
- Hoodsport
- Building Condition
- Very Good
- Style
- 60 - Comm Bldg Und 10K
- Year Built
- 1982
- # of Assigned Spaces
- 20
- Waterfront
- Yes
- Waterfront Description
- Creek
- Roof
- Composition
- Tax Year
- 2025
- Potential Terms
- Cash, Conventional
- Flooring
- Engineered Hardwood, Vinyl, Carpet
- Driving Directions
- From US 101 turn onto North Lake Cushman Road and building is on your right and additional lot is on your left. Look for Post Office.
- Electric Expenses
- 787
- Other Expenses
- 1800
- Energy Source
- Electric
- Net Operating Income
- $77,465
- Gross Adjusted Income
- $94,980
- Gross Scheduled Income
- $94,980
- Water/Sewer/Garbage Expenses
- $788
- Cap Rate
- 7
- Total Expenses
- $17,515
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.