5760 Steese Hwy - Hospitality FOR SALE


Fairbanks, AK 99712
$775,000 USD
907-456-6008
5760 Steese Hwy, Fairbanks, AK for Sale
$775,000 USD
Hospitality - FOR SALE
1/5
null | Request Cap Rate

5760 Steese Hwy
Fairbanks, AK 99712


OVERVIEW

Since 1974, Chatanika Lodge has been a cherished and historic local hot spot operating as a bar, restaurant, motel, and events venue. This Alaska Icon of over 50 years, comes with a full liquor license and alcohol package store license. Chatanika has been host to many events over the years including car shows/races, outhouse races (at the famous “Chatanika Days”), live music, charitable events, and private events such as weddings and birthdays, etc. There are many other businesses and events that can be incorporated to complement this thriving local business. The restaurant features a full kitchen, large dining room/lounge, stage and dance floor, arcade and pool table, with a long full-service bar in the middle of it all. The motel features 10 rooms with various bed sizes and amenities, and two large bathrooms each with multiple showers, toilets, and sinks. There are living quarters adjacent to the bar/lounge that are perfect for the new owners or managers. There is a paved parking lot in the front, a 2080sq ft. detached shop to the side, two mobile home rentals, and various small outbuildings/sheds on the property. Become the next owner to provide a respite from the hustle of Fairbanks, or to quench the thirst and hunger of those who regularly travel the Steese Highway.

FOR SALE DETAILS

PRICE

$775,000 USD

PRICE/SF

$69 USD /SF

# OF ROOMS

11

PRICE/ROOM

$70,455 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chatanika Lodge

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1974

PARKING SPACES

16

LAND DETAILS

LAND ACRES

11.1 AC

LAND SF

483,516 SF

ZONING

-

APN/PARCEL ID

228940

ASK ABOUT THIS PROPERTY

Shawn EvansAlaska Commercial Properties, Inc.More Info
907-456-6008

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Shawn EvansAlaska Commercial Properties, Inc.More Info
907-456-6008

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