(907) 225-7777

$599,000
516 Stedman Street
Ketchikan, AK 99901-9999
MLS# 18920

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5,750 Sqft
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
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Property Details
Status
For Sale
Property Type
Retail
Approx Sq Ft
5,750
Roofing
Metal
Taxes & Terms
Area
County
KETCHIKAN-Downtown
Features
Listing courtesy of
Coastal Real Estate Group, Michael Elerding
Estimated Payments
The approximate mortgage monthly principal and interest payment for this property would be
Based on a loan at a fixed rate of percent
With a down payment of dollars
Actual lender interest rates and loan programs may vary.
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All information deemed reliable but not guaranteed. Dimensions are approximate. All properties are subject to prior sale, change or withdrawal. Listings displayed are the property of members of the Southeast Alaska Multiple Listing Service (SEAMLS) and are provided here for consumer’s personal, non-commercial use, and may not be used for any purposes other than to identify prospective properties consumers may be interested in purchasing. All data should be independently verified. Listing Data last updated: April 5, 2020 09:00 MST Service by Buying Buddy IDX CRM