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Listed by Michael Elerding • Coastal Keller Williams Realty Alaska Group
$799,000
Est. payment /mo
5,750 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 5,750 sqft
Price per Sqft $138
Subdivision Ak
MLS Listing ID 18920
Property Sub-Type Retail
Property 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
Location
State AK
Area Ketchikan-In City
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