Property Details
60 N Lake Cushman Road
Hoodsport, WA 98320
$1,150,000
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Property Overview
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.
Property Details
Property Information
Property Type
Commercial Sale
Subtype
Commercial Industrial
Status
Active
County
Mason
Neighborhood
Hoodsport
Listed
Mar 3, 2026
Parcel Number
422125011016
Tax & HOA
Annual Property Tax
$7,630 (2025)
Est. Monthly Tax
$636/mo
Financial Summary
Cap Rate
7.00%
Net Operating Income
$77,465
Gross Scheduled Income
$94,980
Gross Rent Multiplier
12.00
Total Expenses
$17,515
Total Actual Rent
$7,915/mo
Building & Use
Building Sq Ft
6,260
Total Units
4
Sq Ft Rented
6,260
Zoning
Commercial
Possible Use
Commercial
Lot Size
31,890 sqft
Year Built
1982
Exterior & Lot
Lot Size
0.73 sqft
Year Built
1982
Exterior Materials
Wood
Sewer
Septic Tank
Water Source
Public
Exterior Features
Wood
Community & Access
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.
Location
City
Hoodsport
County
Mason
Coordinates
47.40668, -123.14167
Additional Information
Tax Year
2025
Annual Taxes
$7,630
Possession
Array
Based on information submitted to the MLS GRID as of June 23, 2026 4:54 PM. 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, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
