Ketchikan, AK 99901,516 Stedman ST
Ketchikan, AK 99901,516 Stedman ST
Ketchikan, AK 99901,516 Stedman ST
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$799,000
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5,750 SqFt
Active

516 Stedman ST Ketchikan, AK 99901

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UPDATED:

11/05/2024 10:13 PM

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

Originating Board Alaska Multiple Listing Service

Year Built 1988

Annual Tax Amount $5,500

Lot Size 3,267 Sqft

Acres 0.08

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

Flooring Carpet

Exterior

Water Access Desc Public3

Roof Type Metal

Building

Foundation Poured Concrete

Lot Size Range 0.08

Water Public3

New Construction No

Construction Status Existing Structure

Others

Tax ID 011441008800


Alaska MLS
Listed by Coastal Keller Williams Realty Alaska Group

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Johanna Mack

REALTOR®, GRI | License ID: 18235

+1(907) 232-1552

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516 Stedman ST