17490 Shelton Matlock RdMatlock, WA 98560

Property Details for 17490 Shelton Matlock Rd

Year built

1999

Lot size

2.00 AC

Property size (Sq ft)

4,144 SF

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

62011-23-90051

APU

620112390051

Description

This exceptional investment opportunity presents a thriving general store, gas station, and post office located at 17490 W Shelton Matlock Road, Matlock, WA. The property encompasses two acres and features a well-established convenience store offering hot food, beverages, coffee, sundries, and hardware supplies. The gas station includes two pumps, providing an additional revenue stream. Seven self-storage lockers generate further income, adding to the property's diverse revenue portfolio. A residential home is also included on the site, though it requires some renovation. The current owner operates the Matlock Post Office within the building, providing a consistent and reliable income source. Financial records demonstrate a positive cash flow, indicating a strong return on investment. This turnkey business offers significant potential for growth and expansion, making it an attractive proposition for a savvy investor seeking a diversified and established commercial enterprise. The property's strategic corner location ensures high visibility and accessibility, further enhancing its appeal. This is a rare opportunity to acquire a multifaceted business with multiple income streams in a desirable location. The existing infrastructure and established clientele provide a solid foundation for continued success and future development.

• CAP approach

  CAP return

  Valuation

  6%

  $1,648,424

  6.5%

  $1,521,622

  7%

  $1,412,934

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,800,404

  Geo Method

  $2,011,090

• Alternative Use

  Use

  Valuation

  Residential

  $1,283,545

  Hospitality

  $1,175,720

  Educational

  $978,185

  Medical

  $1,011,827

  Retail

  $1,521,622

Location Insight

City

Matlock

County

Mason

State

Washington

Latitude

47.2388

Longitude

-123.408

CBSA code

43220

CBSA name

SHELTON, WA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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