308 N Noric DR Pending Save Request In-Person Tour Request Virtual Tour
Petersburg,AK 99833
Key Details
Property Type Commercial
Listing Status Pending
Purchase Type For Sale
Square Footage 7,728 sqft
Price per Sqft $194
MLS Listing ID 24-9516
Year Built 1953
Annual Tax Amount $4,462
Lot Size 4,000 Sqft
Property Description
Diversify your asset portfolio with this two -story income producing building in downtown Petersburg Alaska. The anchor tenant, Harbor Bar, has occupied the entire first floor with its iconic bar and liquor store since the 1950's. The upstairs apartments have been fully remodeled in the early 2000's and are operating at 100% capacity with little deferred maintenance. Long-term leases on all renters in the building make for a solid net operating income and profitable cap rate on this investment that has multiple income streams. Easy walking to all that little Norway has to offer and Experience charm and profitability with this building which is centrally located in the heart of town. The law of supply and demand are strong in this little Norwegian town making this commercial building a gem in the naval of southeast Alaska.
Location
State AK
Area 567 - Mitkof Island & Vicinity
Zoning COM - Commercial
Interior
Heating Electric
Exterior
View City Lights,Mountains,Unobstructed
Roof Type Metal
Building
Foundation Poured Concrete
Water Public
New Construction No
Others
Acceptable Financing AHFC,Cash,Conventional,FHA,1031 Exchange
Listing Terms AHFC,Cash,Conventional,FHA,1031 Exchange