$1,500,000
Petersburg, AK 99833
MLS# 24-9516
Status: Closed
7728 sqft
1 / 31
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
Details
Maps
Contract Info
EM Minimum Deposit: 20000
Foreclosure/Bank Own: No
Price-List: 1500000
Date-Listing: 2024-07-26
Status: Closed
Location, Tax and Legal
Region: 2 - Southeast Alaska Region
Borough/Census Area: 2G - Wrangell-Petersburg Census Area
Grid # (Muni Anch): N/A
Tax Map #-Mat-Su: N/A
Legal: L8A Plat 89-2RS B003
Taxes (Estimated): 4462
Tax Year: 2024
Property Info
Realtor.com Type: Commercial
Construction Status: Existing Structure
Building Status: Leased
% of Space Leased: 100
Acres: 0.09
SF-Lot: 4000
Lot Area Source: Tax Authority
Zoning: COM - Commercial (Unofficial)
Floors: 2
Type of Property: Mixed Use
SF-Res: 7728
Year Built: 1953
Directions and Remarks
Directions: from down town Petersburg head to the Harbor Bar! youre there!!
Building Info
Building Name: The Harbor bar building
Listing Terms Financing
1031 Exchange: 1
AHFC: 1
Cash: 1
Conventional: 1
FHA: 1
Primary Space
Hospitality: 1
Secondary Space
Condo: 1
Exterior Finish
Metal: 1
Heating
Electric: 1
Roof Type
Metal: 1
Construction Type
Wood Frame - 2x6: 1
View Type
City Lights: 1
Mountains: 1
Unobstructed: 1
Foundation
Poured Concrete: 1
Flooring
Other: 1
Walls
Sheetrock: 1
Wood: 1
Access
Maintained: 1
Paved: 1
Sewer
Public Sewer: 1
Value/Income/Expense
Assessed Value - Total: 397200
Water Source
Public: 1
Retail
SF-Retail Office: 3860
Features-Commercial
Fire Sprinkler System: 1
HW Heater - Elec: 1
In City Limits: 1
Living Quarters: 1
Master Meter - Elec: 1
Separate Meter-Elec: 1
Stand Alone Unit: 1
Documents
Lease: 1
Package Available: 1
Other - See Remarks: 1
Sold Info
Date-Pending: 2024-09-05
Date-Closing: 2025-03-10
Location Tax and Legal
Area: 567 - Mitkof Island & Vicinity
Street #: 308
Directional: N
Street Name: Nordic
Arterial: Drive
Closest USPS Town: Petersburg
State: AK
Zip Code: 99833
Property Features
Primary Space: Hospitality
Secondary Space: Condo
Heating: Electric
Exterior Finish: Metal
Construction Type: Wood Frame - 2x6
Foundation: Poured Concrete
Roof Type: Metal
Flooring: Other
Walls: Sheetrock; Wood
Sewer: Public Sewer
Water Source: Public
Features-Commercial: Fire Sprinkler System; HW Heater - Elec; In City Limits; Living Quarters; Master Meter - Elec; Separate Meter-Elec; Stand Alone Unit
Access: Maintained; Paved
View Type: City Lights; Mountains; Unobstructed
Listing Terms Financing: 1031 Exchange; AHFC; Cash; Conventional; FHA
Documents: Lease; Package Available; Other - See Remarks
Supplements
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.
IDX
Listing Office: Anchor Properties
Last Updated: March - 11 - 2025
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.