120 2nd St - Hospitality FOR SALE


Juneau, AK 99801
$4,200,000 USD
802-380-7312
120 2nd St, Juneau, AK for Sale
$4,200,000 USD
Hospitality - FOR SALE
1/11
null | 14.76% Cap Rate

120 2nd St
Juneau, AK 99801


HIGHLIGHTS

  • Ideal destination at the epicenter of both the business and tourism district
  • Two blocks from the Convention Center, Alaska State Capital, Cruise Ship Docks & Beyond
  • 16 diverse accommodations designed for both leisure and business travelers drive significant occupancy and an ADR of $405.33 in 2024.

OVERVIEW

Investors and owners/operators alike would be hard pressed to find a more balanced market than Juneau, Alaska, and a more profitable hospitality operation in any market than Silverbow Inn. Silverbow Inn is housed in the historic Messerschmidt Building in downtown Juneau at the epicenter of both the business and tourism district. The circa 1907 building (originally a bakery) has experienced several additions (1914, 1970, and 2010) and ongoing improvements to reach its current iteration as a 16-accommodation boutique hotel. Unique features define the experience at Silverbow Inn, including a James Beard nominated restaurant in the Inn’s leased ground floor rental that was just named on of “22 Best Pizza Places in the US” by the New York Times, a variety of accommodations that answer the needs of both leisure and business travelers, and three rooftop decks with hot tubs, fire pits and year-round seating areas that look over downtown Juneau, the Gastineau Channel, and up at towering Mt Juneau when weather allows. Guests first enter Silverbow through a spacious lobby with high ceilings, comfortable sitting areas, and a featured bar that is the gathering place for the Inn’s self-serve breakfast and home to a 24/7 snack bar. This space is also home to a formal front desk and guest services area and the Inn’s ADA accessible guest room. Current owners are always planning for the future and the addition of this first floor ADA compliant room and the extension of a sprinkler main should enable incoming owners to add five additional units to be built on top of the Inn’s third floor. A staircase leads to 15 unique accommodations that range from quality economy style rooms to a 420 square foot Penthouse suite with an open floor plan and views of the waterfront and Mount Jumbo. All guestrooms, however, have been purpose designed and are well appointed. Silverbow Inn enjoys an ideal location at the center of active Juneau: 1 Block from the Alaska State Offices 2 Blocks from the Alaska State Capital 2 Blocks from the Cruise Ship Docks 2 Blocks from Sealaska Heritage Center 2 Blocks from Centennial Hall Convention Center 4 Blocks from the Federal Building 4 Blocks from the Elizabeth Petrovich Events Center 22 Restaurants, distilleries, and bars within walking distance Current owners have been actively renovating and adding new units to the inventory to date, with the most recent project being the conversion of a large family home into the luxury Penthouse and Executive King accommodations. Room rates at Silverbow Inn reflect the quality of the lodging experience and the high demand for upscale, amenity and experience driven accommodations for both leisure and business travelers. The many positive features of Silverbow Inn and its host market coalesced in 2024 to generate significant gross revenues driven by 87% lodging sales. Annual occupancy in 2024 was 53% and the Average Daily Room Rate was $405.33. Owners continue to invest in the business and asset, with a yield management program established in early 2025 to support ongoing growth in 2025 and beyond. For more information, contact Eben Viens at 802-380-7312 (call/text). Broker of Record: Alaska Unlimited Realty.

FOR SALE DETAILS

PRICE

$4,200,000 USD

PRICE/SF

$1,024 USD /SF

# OF ROOMS

16

PRICE/ROOM

$262,500 {currency}

CAP RATE

14.76%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Juneau Alaska Boutique Hotel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1907

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,219 SF

ZONING

MU

APN/PARCEL ID

1C070-A05-0030

ASK ABOUT THIS PROPERTY

Eben ViensThe B&B Team®More Info
802-380-7312

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Eben ViensThe B&B Team®More Info
802-380-7312

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.