Active

516 Stedman Street

Ketchikan AK, 99901-9999

$799,000


Active

Commercial

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

18920

MLS ID

October 6, 2018

Listed

December 31, 2024

Updated

Map

516 Stedman Street
Ketchikan AK, 99901-9999

Interior Features

Interior Features

Private Bathrooms


Floor Description

Laminate Flooring, Carpet


Fireplace

No


Cooling

No


Heating

Yes


Heating Description

Baseboard

Exterior/Building Features

Exterior Features

Paved Lot


Roof

Metal


Sewer

Public Water

Other Property Details

Area Name

KETCHIKAN-IN CITY


Garage

No


Parking Total

5


View

No


Pool

No


Zoning

CG

Listing History

Date

Event

Price

4/4/2024

Price change

$799,000

33%

Courtesy of Coastal Keller Williams Realty Alaska Group, Michael Elerding

Listing Contact:  

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