The Harbor bar building

Highlights:

• Lot Features: City Lot
• Building Features: Living Quarters, Stand Alone Unit
• Lease Amount Frequency: Monthly
• Documents Available: Lease, Other - See Remarks, Package Available
• Electric: Master Meter - Elec, Separate Meter-Elec
• Flooring: Other
• Construction Materials: Wood Frame - 2x6, Metal, Sheetrock, Wood
• Security Features: Fire Sprinkler System
• Buyer Agency Compensation: 1.50

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 allrenters 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 little Norwegian town making this commercial building a gem in the naval of southeast Alaska.