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$ 799,000
Est. payment /mo
Active
516 Stedman ST Ketchikan, AK 99901
5,750 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 5,750 sqft
Price per Sqft $138
MLS Listing ID 19-8429
Construction Status Existing Structure
Year Built 1988
Annual Tax Amount $5,500
Lot Size 3,267 Sqft
Acres 0.08
Source Alaska Multiple Listing Service
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 mov eat buyer's request. Possibilities are endless. Bring your ideas!
Location
State AK
Area 565 - Ketchikan Gateway Borough - All
Zoning CG - General Commercial
Interior
Heating Baseboard, Oil
Flooring Carpet
Exterior
Roof Type Metal
Building
Foundation Poured Concrete
Lot Size Range 0.08
New Construction No
Construction Status Existing Structure
Others
Tax ID 011441008800
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Listed by Coastal Keller Williams Realty Alaska Group