516 Stedman St - Office FOR SALE


Ketchikan, AK 99901
$799,000 USD
907-247-5811
516 Stedman St, Ketchikan, AK for Sale
$799,000 USD
Office - FOR SALE
1/5
null | Request Cap Rate

516 Stedman St
Ketchikan, AK 99901


OVERVIEW

This Ideally located office building boasts 5,750 Sq. Ft of rental opportunity. Built in 1988 this 3-story commercial building features individual meters for electric per floor, a unique central staircase carved out of natural rock, 5 off street parking spaces and can be easily converted into residential condos or employee housing. The third floor of this dynamic investment property includes 2 private offices, kitchenette area, 2 private bathrooms & two decks with an outdoor viewing area of Downtown Ketchikan. In 2017 a new roof was put on & lighting fixtures updated. Annual gross rental income for the first two floors is $48,000.00! The existing owner/tenants are willing to continue their lease or move at the buyer’s request.

FOR SALE DETAILS

PRICE

$799,000 USD

PRICE/SF

$139 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

CC - Central Commercial

APN/PARCEL ID

01-1441-008800

ASK ABOUT THIS PROPERTY

Mike ElerdingCoastal Keller Williams Realty, Alaska GroupMore Info
907-247-5811

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Mike ElerdingCoastal Keller Williams Realty, Alaska GroupMore Info
907-247-5811

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.