AK > Wrangell
Wrangell, AK 99929,120 Front ST
Wrangell, AK 99929,120 Front ST
Wrangell, AK 99929,120 Front ST
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Aurora Courtney

Aurora Courtney

+1(907) 302-2676
$517,500
Est. payment /mo
5,000 SqFt
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UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 5,000 sqft

Price per Sqft $103

MLS Listing ID 25-684

Construction Status Existing Structure

Originating Board Alaska Multiple Listing Service

Year Built 1987

Annual Tax Amount $975

Lot Size 2,983 Sqft

Acres 0.07

Property Description

This is a rare chance to own a fully-leased, income-generating property in the heart of Wrangell's bustling commercial district. Located on Front Street, the most sought-after location in town, this property combines a high-performing business tenant with strong residential rental demand, offering stable and diversified cash flow. Home to a highly successful burger restaurant with a proven track record and significant local and tourist traffic. The restaurant is a staple in the community, ensuring consistent rental income. Two well-maintained income-producing apartments. With an ongoing rental housing shortage in Wrangell, these units boast a waiting list, ensuring zero vacancy risk. The entire building is secured under a 3-year NNN (Triple Net Lease) agreement, minimizing owner responsibilities while ensuring steady cash flow. Commercial and residential components mitigate risk by catering to multiple income sources. This property is an ideal candidate for a 1031 tax-deferred exchange, offering both stability and growth potential. Well maintained, the property requires no significant capital improvements, allowing investors to enjoy immediate returns. Opportunities like this are rare. Secure your foothold in Wrangell's thriving real estate market with a property that offers stability, growth, and strong returns. Call today for financial details and to arrange a private tour.
Invest with confidencethis property is a proven performer in an in-demand market.

Location

State AK

Area 568 - Wrangell Island & Vicinity

Zoning COM - Commercial (Unofficial)

Direction on main street look for realtor sign

Interior

Heating Baseboard, Electric

Flooring Tile, Carpet

Exterior

View Mountains

Roof Type Bitumen/Torch Down

Accessibility , Paved, Maintained

Building

Foundation Poured Concrete, Post on Pad

Lot Size Range 0.07

New Construction No

Construction Status Existing Structure

Others

Tax ID 02-010-143

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

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Aurora Courtney

+1(907) 302-2676

Associate Broker | License ID: 100653, 500072

Associate Broker License ID: 100653, 500072

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