308 N Nordic Drive, Petersburg, AK 99833 (MLS# 24-9516)

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

Overview

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 lit ...

Listing Details MLS# 24-9516

Contract Info

Price-List
1500000
Date-Listing
2024-07-26
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

More Information

Retail

SF-Retail Office
3860

Location, Tax and Legal

Region
2 - Southeast Alaska Region
Borough/Census Area
2G - Wrangell-Petersburg Census Area
Grid # (Muni Anch)
N/A
Tax Map #-Mat-Su
N/A
Legal
L8A Plat 89-2RS B003
Taxes (Estimated)
4462
Tax Year
2024

Listing Terms Financing

1031 Exchange
Yes
AHFC
Yes
Cash
Yes
Conventional
Yes
FHA
Yes

Primary Space

Hospitality
Yes

Secondary Space

Condo
Yes

Exterior Finish

Metal
Yes

Heating

Electric
Yes

Roof Type

Metal
Yes

Construction Type

Wood Frame - 2x6
Yes

View Type

City Lights
Yes
Mountains
Yes
Unobstructed
Yes

Foundation

Poured Concrete
Yes

Flooring

Other
Yes

Walls

Sheetrock
Yes
Wood
Yes

Access

Maintained
Yes
Paved
Yes

Sewer

Public Sewer
Yes

Value/Income/Expense

Assessed Value - Total
397200

Water Source

Public
Yes

Features-Commercial

Fire Sprinkler System
Yes
HW Heater - Elec
Yes
In City Limits
Yes
Living Quarters
Yes
Master Meter - Elec
Yes
Separate Meter-Elec
Yes
Stand Alone Unit
Yes

Documents

Lease
Yes
Package Available
Yes
Other - See Remarks
Yes

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
IDX
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.

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