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1230 Ocean Drive, Homer, AK 99603

Overview
Description
Supplements: ... (Read more) A recent bank desktop appraisal of current market value was $979,345 (See Documents). The Sellers are highly motivated since they have purchased another property on the Homer Spit to be closer to the harbor.The building is currently fully leased and the Sellers, who occupy the lower level, will lease back after closing for a minimum of 6 months or more depending on remodel completion at their new location.The upper floor has a great layout with a common entry and then two large office units off to the left and right. Each leased office space upstairs is approximately 1100 square feet.Cook Inlet Counseling occupies the left side, and they are long term tenants in the building. Their area has a number of office units, private bathroom, kitchen nook and a small conference area.Destination Alaska Adventures is a new Lessee for the right unit. This unit is mostly open space, with a little kitchen nook, private restroom and a conference room. They have a one year lease in place that expires May 31, 2025.The building has been impeccably maintained and earned an "excellent" condition rating from their Lender. There is even a sprinkler fire system in place which will also help lower your insurance costs.There is plenty on onsite parking and the "extra" lot also provides exterior access and additional parking for the lower level.if you want a super clean, well located, fully leased investment with solid rental history, then this is an opportunity you will not want to pass up!
Listing Details MLS# 24-6610
Contract Info
- Price-List
- 725000
- Date-Listing
- 2024-06-03
- Foreclosure/Bank Own
- No
Sold Info
- Date-Pending
- 2024-10-06
- Date-Closing
- 2024-10-31
Location Tax and Legal
- Area
- 490 - Homer
- Street #
- 1230
- Street Name
- Ocean
- Arterial
- Drive
- Closest USPS Town
- Homer
- State
- AK
- Zip Code
- 99603
Property Info
- Type of Property
- Single Use
- Building Type
- Class B
- Realtor.com Type
- Commercial
- Construction Status
- Existing Structure
- Building Status
- Leased
- % of Space Leased
- 100
- Acres
- 0.48
- SF-Lot
- 20908.8
- Lot Area Source
- Tax Authority
- SF-Res
- 4792
- Floors
- 2
- Zoning
- GC1 - General Commercial 1
- Year Built
- 1978
Directions and Remarks
- Directions
- Ocean Dr on the way to the Homer Spit. Property on left next to laundromat
Office
- Office Apx SF
- 4792
More Information
Location, Tax and Legal
- Region
- 1 - Southcentral Alaska Region
- Borough/Census Area
- 1B - Kenai Peninsula Borough
- Grid # (Muni Anch)
- N/A
- Tax Map #-Mat-Su
- N/A
- Legal
- BAY VIEW L34-35
- Taxes (Estimated)
- 6340
- Tax Year
- 2023
Listing Terms Financing
- 1031 Exchange
- Yes
- Cash
- Yes
- Conventional
- Yes
Primary Space
- Office
- Yes
Secondary Space
- Office
- Yes
Exterior Finish
- Wood
- Yes
Heating
- Natural Gas
- Yes
Roof Type
- Asphalt
- Yes
Construction Type
- Wood Frame - 2x6
- Yes
View Type
- Lake
- Yes
Foundation
- Block
- Yes
Flooring
- Carpet
- Yes
- Heavy Duty
- Yes
Walls
- Paneled
- Yes
Access
- Dedicated Road
- Yes
- Government
- Yes
- Maintained
- Yes
- Paved
- Yes
Sewer
- Lift Station
- Yes
- Public Sewer
- Yes
Water Source
- Public
- Yes
Features-Commercial
- DSL/Cable Available
- Yes
- In City Limits
- Yes
- Master Meter - Elec
- Yes
- Master Meter - Gas
- Yes
- On-Site Parking
- Yes
- Restroom(s)-Private
- Yes
- Stand Alone Unit
- Yes
- Wtrfnt-Access Nearby
- Yes
Documents
- Docs Posted on MLS
- Yes
- Lease
- Yes
- Other - See Remarks
- Yes
Floor plan ›
Aerial Photo ›