AK > Petersburg
Petersburg, AK 99833,308 N Noric DR
Petersburg, AK 99833,308 N Noric DR
Petersburg, AK 99833,308 N Noric DR
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$1,500,000
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7,728 SqFt
Pending

308 N Noric DR Petersburg, AK 99833

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Johanna Mack

Johanna Mack

+1(907) 232-1552

UPDATED:

09/05/2024 10:42 PM

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

Construction Status Existing Structure

Originating Board Alaska Multiple Listing Service

Year Built 1953

Annual Tax Amount $4,462

Lot Size 4,000 Sqft

Acres 0.09

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

Direction from down town Petersburg head to the Harbor Bar! youre there!!

Interior

Heating Electric

Exterior

Water Access Desc Public

View City Lights, Mountains, Unobstructed

Roof Type Metal

Accessibility , Paved, Maintained

Building

Foundation Poured Concrete

Lot Size Range 0.09

Water Public

New Construction No

Construction Status Existing Structure

Others

Tax ID 01-007-225

Acceptable Financing AHFC, Cash, Conventional, FHA, 1031 Exchange

Listing Terms AHFC, Cash, Conventional, FHA, 1031 Exchange

Alaska MLS
Copyright 2024 Alaska Multiple Listing Service, Inc. All rights reserved
Listed by Anchor Properties

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Johanna Mack

REALTOR®, GRI | License ID: 18235

+1(907) 232-1552

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308 N Noric DR