516 Stedman Street, Ketchikan, AK 99901-9999

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516 Stedman Street

Ketchikan, AK 99901-9999

FOR

SALE

$599,000

For Sale

5,750

Sq.Ft.

MLS# 18920

Listed on site 254 days since January 20th, 2023

Property Details

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 Highlights

Status

For Sale

Price

$ 599,000

Property Type

Retail

Approx Sq Ft

5,750

Location

Heating, Cooling & Utilities

Building Details

Roofing

Metal

Taxes & Terms

Listed by Coastal Keller Williams Realty Alaska Group, Michael Elerding, Michael Elerding.

Listing Data last updated 2nd October, 2023 02:00 MST

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Property History

254 days ago

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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: 2nd October, 2023 02:00 MST

516 Stedman Street - MLS#18920 - $599,000

Listed by Coastal Keller Williams Realty Alaska Group, Michael Elerding

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