7196/7198/7204 North Tongass Hwy - Retail FOR SALE


Ketchikan, AK 99901
$3,500,000 USD
907-225-2545
7196/7198/7204 North Tongass Hwy, Ketchikan, AK for Sale
$3,500,000 USD
Retail - FOR SALE
1/48
null | 6.5% Cap Rate

7196/7198/7204 North Tongass Hwy
Ketchikan, AK 99901


HIGHLIGHTS

  • High Visablitiy
  • Business booming from both locals & visitors.
  • 3 Buildings

OVERVIEW

Introducing The Ward Cove Market Center and Marketplace (WCMC) A retail shopping center and profitable small market/deli & gas station. Located along heavily traveled North Tongass Highway and a two-minute drive to the new Ward Cove cruise ship dock facility, the WCMC has been in operation since the 1960’s, and has earned a highly loyal local customer base. With easy highway access and outstanding visibility, the property features a total of three separate commercial rental spaces plus the market /deli & self-serve gas stop. A new two-story structure was built in 2023 that houses a retail space on the ground floor and two walk-in freezers and a large walk-in cooler room. The second floor of the new building has office/retail flex space and both floors are fully rented. A fully equipped commercial kitchen, with separate freezer storage, serves deli area of the market building. Property uses the same highway turn off as the local U.S Post Office and is adjacent to Revilla Road, which is the exclusive access to Ward Cove and Harriet Hunt Lakes, recreational and campground areas. The WCMC is the last stop for supplies and services for those enjoying the public camping and day use areas.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$486 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ward Cove Marketplace Center

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1973

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,195 SF

ZONING

CC

APN/PARCEL ID

31-3310-031000

ASK ABOUT THIS PROPERTY

Bill BollingGateway City Realty Inc.More Info
907-225-2545

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

Bill BollingGateway City Realty Inc.More Info
907-225-2545

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