1230 Ocean Drive

Highlights:

• Lot Features: City Lot
• Building Features: Restroom(s)-Private, Stand Alone Unit
• Lease Amount Frequency: Monthly
• Documents Available: Docs Posted on MLS, Lease, Other - See Remarks
• Electric: Master Meter - Elec
• Flooring: Carpet, Heavy Duty
• Construction Materials: Wood Frame - 2x6, Wood Siding, Paneled
• Parking Features: On Site
• Buyer Agency Compensation: 3.00

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 wellA 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!