308 N Nordic Drive, Petersburg, AK 99833
$1,500,000
Property Type:
Commercial Sale
Square Footage:
7,728
Lot Size (sq. ft.):
4,000
Status:
Closed
Current Price:
$1,500,000
Last Modified:
3/11/2025
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
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.
More Information MLS# 24-9516
Contract Info
Price-List: 1500000
Date-Listing: 2024-07-26
Status: Closed
EM Minimum Deposit: 20000
Foreclosure/Bank Own: No
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 Info
Type of Property: Mixed Use
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
SF-Res: 7728
Floors: 2
Zoning: COM - Commercial (Unofficial)
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
Retail
SF-Retail Office: 3860
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
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.
