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

Features
: Paved Lot
: Metal
: Baseboard
: Public Water
MLS Addon
Michael Elerding
Coastal Real Estate Group
Address Map
Ketchikan
516 Stedman Street

Commercial/Industrial

516 Stedman Street, Ketchikan, Alaska 99901-9999

5,750 Sqft
$599,000
SEAMLS Number #18920
Basic Details
City : Ketchikan
Zipcode : 99901-9999
Price : $599,000
Square Footage : 5,750 Sqft
Land Type : Retail
SEAMLS Number : 18920
Status : Active
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