1230 Ocean Drive, Homer, AK 99603 (MLS# 24-6610)

1230 Ocean Drive, Homer, AK 99603

$725,000
Property Type: Commercial Sale Square Footage: 4,792 Lot Size (sq. ft.): 20,909 Status: Closed
Current Price: $725,000 Last Modified: 11/01/2024

Overview

Description

Excellent investment with prime location on road leading to the iconic Homer Spit! Upper floor is fully leased and the Seller will lease back the entire lower floor for a minimum of 6 months. Building is in great condition. Property consists of 2 lots, one lot providing additional parking and access to the lower unit exterior entrance. There is an interior stairwell to access both floors as well

Supplements: 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 ...

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

Property Features

Primary Space: Office Secondary Space: Office Heating: Natural Gas Exterior Finish: Wood Construction Type: Wood Frame - 2x6 Foundation: Block Roof Type: Asphalt Flooring: Carpet; Heavy Duty Walls: Paneled Sewer: Lift Station; Public Sewer Water Source: Public Features-Commercial: DSL/Cable Available; In City Limits; Master Meter - Elec; Master Meter - Gas; On-Site Parking; Restroom(s)-Private; Stand Alone Unit; Wtrfnt-Access Nearby Access: Dedicated Road; Government; Maintained; Paved View Type: Lake Listing Terms Financing: 1031 Exchange; Cash; Conventional Documents: Docs Posted on MLS; Lease; Other - See Remarks
IDX
Listing Office: Homer Real Estate
Last Updated: November - 01 - 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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