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5801 S Knik Goose Bay Road - Settlers Bay Lodge , Wasilla, AK

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5801 S Knik Goose Bay Road - Settlers Bay Lodge

Wasilla, AK 99654 - Mat-Su Business Region Submarket

(33.8 KB)

Property Type:Retail Sub Type:- Status:Existing Year Built:-
Building Size:19,653 SF Land Area:3.95 AC (172,062 SF)
For Sale Price:$4,150,000 Price/SF:$211.16
Cap Rate:20.00 %



Sale Notes:
*HIGH CAP RATE / ROI
*STRONG REVENUE AND CASH FLOW (9 YEARS OF CONSECUTIVE GROWTH)
*INCLUDES REAL ESTATE (3.95 ACRES PLUS 19,653 SQFT BUILDING)
*STRONG TOURISM BUSINESS
*TURN-KEY OPERATION

Settlers Bay Lodge is a large restaurant and lounge with banquet facilities consisting of three various sized banquet rooms with the largest accommodating up to 265 people. This property is a free-standing 19,653 sq. ft. building with three floors and sits on 3.95 acres with 285 feet frontage on Knik Goose Bay Road, 8 miles south of Wasilla, Alaska, which is the fastest growing area in the Matanuska-Susitna Valley and located 45 miles north of Anchorage.

Sales price includes real estate, furniture, fixtures, equipment & liquor license. Completely remodeled in 1998 ($2.5 million spent) with ongoing improvements. This is a one of a kind Alaskan post and beam constructed building with a million dollar view of Cook Inlet, Chugach and Talkeetna mountain ranges. Settlers Bay Lodge is very popular with local residents, tourists, businesses, and tour companies. We have a very strong local following throughout the year plus multiple contracts with tour companies during the summer.

This restaurant is a completely turn-key operation with established loyal customers and long-term dedicated employees. Business has increased every year for the past eight years. Considered casual fine dining, the menu consists of various steaks, Alaskan seafood and specialty items. Open all year round, nightly from 4 PM to 10 PM.

There is a huge potential to increase sales even more for an ambitious and knowledgeable buyer.

The current owners wish to retire. Anyone interested in purchasing this property must have experience and be able to show proof of funds.

Settlers bay
Hans Schibalski
(907) 357-5678

Sony Schibalski
(907) 357-5678




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