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516 Stedman Street, Ketchikan, AK 99901-9999

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Listing Type
commercial/industrial
Listing Status
active
24
Overview
Features
Commute
Transportation
Market Statistics
Neighborhood
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Similar Home Values
$599,000

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Home Details for 516 Stedman Street

Price
$599,000
Type
commercial/industrial
Sq. Ft.
5,750
On exitrealty.com
716 days
MLS Listing#
18920

Property Description

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

Property Features

$599,000

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