516 Stedman Street, Ketchikan, AK 99901 (MLS# 19-8429)
$799,000
Ketchikan, AK 99901
MLS# 19-8429
5750 sqft
1 / 37
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
Details
Documents
Contract Info
Price-List: 799000
Date-Listing: 2018-10-05
Status: Active
Foreclosure/Bank Own: No
Location Tax and Legal
Area: 565 - Ketchikan Gateway Borough - All
Street #: 516
Street Name: Stedman
Arterial: Street
Closest USPS Town: Ketchikan
State: AK
Zip Code: 99901
Property Info
Type of Property: Mixed Use
Building Type: Class A
Realtor.com Type: Commercial
Construction Status: Existing Structure
Building Status: Leased
% of Space Leased: 66
Acres: 0.07
SF-Lot: 3267
Lot Area Source: Tax Authority
SF-Res: 5750
Floors: 3
Zoning: CG - General Commercial
Year Built: 1988
Building Info
Building Name: The Local Paper
Property Features
Primary Space: Office; Retail
Secondary Space: Office/Retail
Heating: Baseboard; Oil
Exterior Finish: Wood
Construction Type: Metal Siding; Wood Frame - 2x6
Foundation: Poured Concrete
Roof Type: Metal
Flooring: Carpet
Walls: Sheetrock
Sewer: Public Sewer
Water Source: Public
Documents: Appraisal
Supplements
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 mov eat buyer's request. Possibilities are endless. Bring your ideas!
Full Packet 7/14/22 
Listing Office: Coastal Keller Williams Realty Alaska Group
Last Updated: December - 31 - 2024
The listing content relating to real estate for sale on this web site comes in part from the IDX Program of Alaska Multiple Listing Service, Inc. (AK MLS). Real estate listings held by brokerage firms other than the site owner are marked with the AK MLS logo and information about them includes the name of the listing brokerage. All information is deemed reliable but is not guaranteed and should be independently verified for accuracy. Site contains live data.