11221 Old Glenn Highway, Eagle River, AK 99577 (MLS# 23-13040)

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

Overview

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.

Listing Details MLS# 23-13040

Contract Info

Price-List
2000000
Date-Listing
2023-10-27
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
Yes
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

More Information

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
IDX
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.

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