11221 Old Glenn Highway, Eagle River, AK 99577
$2,000,000
Property Type:
Commercial Sale
Square Footage:
6,950
Lot Size (sq. ft.):
28,400
Status:
Closed
Current Price:
$2,000,000
Last Modified:
8/28/2024
Description
This is the sale of the freestanding Brown Jug building in the heart of Eagle River. The building is 100% leased to Brown Jug till 11- 30, 2026 on a NNN lease with a 5 year option to renew. Seller will finance the with $300,000 DP, balance amortized over 25 years at 7% interest with balloon payment due in 15 years.
More Information MLS# 23-13040
Contract Info
Price-List: 2000000
Date-Listing: 2023-10-27
Status: Closed
Foreclosure/Bank Own: No
Sold Info
Date-Pending: 2024-04-23
Date-Closing: 2024-06-03
Location Tax and Legal
Area: 90 - Eagle River
Street #: 11221
Street Name: Old Glenn
Arterial: Highway
Closest USPS Town: Eagle River
State: AK
Zip Code: 99577
Property Info
Type of Property: Single Use
Realtor.com Type: Commercial
Construction Status: Existing Structure
Building Status: Leased
% of Space Leased: 100
Acres: 0.65
SF-Lot: 28400
Lot Area Source: As Built
SF-Res: 6950
Floors: 1
Zoning: CE-B-3 General Busines
Year Built: 1975
Directions and Remarks
Directions: 11221 Old Glenn Hwy.
Building Info
Parking Space-Ttl #: 36
Building Name: Brown Jug
Property Features
Primary Space: Retail
Heating: Electric; Forced Air; Natural Gas
Exterior Finish: Wood
Construction Type: Unknown
Foundation: Slab
Roof Type: Shingle
Flooring: Tile
Features-Commercial: On-Site Parking; Restroom(s)-Private; Separate Meter-Elec; Separate Meter-Gas
Access: Paved
Listing Terms Financing: Owner Finance
Documents: Lease
Listing Office: Jack White Commercial
Last Updated: August - 28 - 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.
