Courtesy: Coastal Real Estate Group | Michael Elerding

For more information on this listing, please contact...

  • Price:

    • $599,000

  • Listing #:
    • 18920
  • Class:
    • Commercial
  • Type:
    • Retail
  • Status:
    • Active
  • Apx. Sqft.:
    • 5750
  • Apx. Acres:
    • 0.00
  • Address:
    • 516 Stedman Street
  • City:
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  • Area:
  • State:
    • AK
  • Zip:
    • 99901

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Description

This retail location on Stedman St is home to the Local Paper and Home Office. Built in 1988 this 3-story building has 5 off street parking and boasts 5,750 sq ft of rental space. Each floor of this building is individually metered for electrical and has separate lockable access. A central staircase on the right-hand side of the building accommodates access to all 3 floors. There is a unique rock feature built into the staircase that provides an Alpine feel to the central stairwell. The third floor is vacant and ready to rent. Third floor features include 2 private offices, a kitchenette, 2 private bathrooms and a deck/viewing area located in the front of the building. The property is zoned General Commercial. The 1st and 2nd floor are owner occupied and consist of 1,572 and 1,994 rentable space respectively. Annual Gross Rental income for the first two floors is $48,000.00. The third floor has 2,104 SF of rentable floor space. The building can be used for commercial retail/office space or can be easily converted to residential condos or employee housing. Existing owner/tenant are willing to stay and continue to lease or will move at buyer’s request. Possibilities are endless. Bring your ideas
  • Construction Details
    • Construction:
      • - Wood Frame
    • Roof:
      • - Metal
    • Building Exterior:
      • - Metal
    • Exterior Features:
      • - Paved Lot
    • Sprinkler System:
      • - Wet
    • Interior Features:
      • - Private Bathrooms
    • Floor Coverings:
      • - Laminate Flooring
      • - Carpet
    • Facility Type:
      • - Multi Story
      • - Stand Alone
    • Current Use:
      • - Retail
      • - Office
  • Property Details
    • Property Description:
      • - Approved Plat Map
    • Zoning:
      • - CG
  • Utilites
    • Water/sewer:
      • - Public Water
    • Oil Heating:
      • - Baseboard
    • Utilities Rental:
      • - Includes Heat
  • Miscellaneous
    • Available Financing:
      • - Cash

For more information on this listing, please contact...