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

308 N Nordic Drive, Petersburg, AK 99833

$1,500,000

north side of building and alley to main

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 ... (Read more)

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

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.

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