Petersburg, AK 99833,308 N Nordic DR
Petersburg, AK 99833,308 N Nordic DR
Petersburg, AK 99833,308 N Nordic DR
Petersburg, AK 99833,308 N Nordic DR
Petersburg, AK 99833,308 N Nordic DR
Petersburg, AK 99833,308 N Nordic DR
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$1,500,000

$1,500,000

Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

7,728 SqFt


SOLD DATE : 03/10/2025

Key Details

Sold Price $1,500,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

Square Footage 7,728 sqft

Price per Sqft $194

MLS Listing ID 24-9516

Sold Date 03/10/25

Construction Status Existing Structure

Originating Board Alaska Multiple Listing Service

Year Built 1953

Annual Tax Amount $4,462

Lot Size 4,000 Sqft

Acres 0.09

Property Description

Diversify your asset portfolio with this two -story income producing building in downtown Petersburg Alaska. The anchor tenant, Harbor Bar, has occupied the entire first floor with its iconic bar and liquor store since the 1950's. The upstairs apartments have been fully remodeled in the early 2000's and are operating at 100% capacity with little deferred maintenance. Long-term leases on all renters in the building make for a solid net operating income and profitable cap rate on this investment that has multiple income streams. Easy walking to all that little Norway has to offer and Experience charm and profitability with this building which is centrally located in the heart of town. The law of supply and demand are strong in this little Norwegian town making this commercial building a gem in the naval of southeast Alaska.

Location

State AK

Area 567 - Mitkof Island & Vicinity

Zoning COM - Commercial (Unofficial)

Direction from down town Petersburg head to the Harbor Bar! youre there!!

Exterior

View City Lights, Mountains, Unobstructed

Roof Type Metal

Accessibility , Paved, Maintained

Building

Foundation Poured Concrete

Lot Size Range 0.09

New Construction No

Construction Status Existing Structure

Others

Tax ID 01-007-225

Acceptable Financing AHFC, Cash, Conventional, FHA, 1031 Exchange

Listing Terms AHFC, Cash, Conventional, FHA, 1031 Exchange

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Alaska MLS
Listed by Anchor Properties
Bought with Anchor Properties
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