Overview

Description

This property is listed for sale via online auction. For more information and to review the due diligence section visit https://fre.com/457D13

The Future of Real Estate (FRE) and Powered by Lymburner Realty are pleased to present the Online Auction Plus® Event (allows for contingencies) for a ±7,000 SF Popular Restaurant & Bar includes Real Estate.

Real Estate Highlights:
• 7,049 SF building sitting on 1.53 AC.
• Stand-alone structure with ample parking.
• Recently fully renovated to its current spotless condition.
• Located in a busy business hub.
• Traffic Count on Old Steese Hwy: Approximately ~1,700 VPD
• Visible from the main Interstate 2 Hwy boasting ~11,200 vehicles per day

Business Highlights:
• 8.2% CAP rate at minimum bid.
• For 10 years The Banks Alehouse has been renowned and beloved throughout Fairbanks.
• Custom built with décor to appeal to the unique culture of Fairbanks, Alaska.
• Seating consists of 127 indoors, 95 in bar area, and 52-60 on the patio.
• Full-service dining area & full bar containing 40 beers on tap.
• Rated as one of the best sports bars in Fairbanks with an array of TV's to choose from.
• Menu consists of American cuisine enhanced with regional specialties.
• Furniture, fixtures, equipment and food & beverage inventory included.
• Turnkey opportunity to own a thriving business.

Liquor License Highlights:
• Rare beverage dispensary liquor license available that permits the sale of beer, wine, and spirits.

Location Highlights:
• Fairbanks is the largest city in the interior region of Alaska and the second largest in the state.
• Ranked in the top 100 growing cities in the United States.
• Conveniently located in East Fairbanks across from Fred Meyer.
• Within walking distance to Walmart, Home Depot, Global Credit Union, Lowes, AT&T, Barnes & Noble, Sportsman's Warehouse and more.
• Subject property is 13 minutes away from the Fairbanks International Airport.
• Only 3 minutes from Fort Wainwright's Trainor Gate location which has a population of ±24,000 residents.
• A 15 minute drive from North Pole and a 25 minute drive from Eielson Airforce Base.

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Location

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