**PRICE REDUCED!! Don't Miss a Chance to See This!!** Discover 1415 N Local 302 Road, a 15,544-square-foot industrial building positioned on an expansive 40-acre lot for sale in Palmer, Alaska. Located just under 1 mile west of Downtown Palmer, this location presents a rare owner/user or investment opportunity in the growing Matanuska-Susitna Borough. Versatile industrial zoning supports a wide range of uses, including manufacturing, heavy equipment repair, aviation services, storage, laydown yard, and industrial training operations. 1415 N Local 302 Road's primary building is an 11,000-square-foot, two-story steel-framed industrial building featuring a functional hangar/shop configuration with approximately 5,200 square feet of workspace, two overhead doors, and a 6-ton bridge crane/hoist. A 50-foot by 18-foot Schweiss bifold hangar door, installed in 2014 to 2015, enhances accessibility for large-scale use. A 2,200-square-foot concrete addition, completed in 2014 to 2015, provides a seamless expansion of the main shop area. The site includes 3,600 square feet of additional residential space, with a fully remodeled one-bedroom apartment featuring a kitchen, washer/dryer hookups, and a private deck. 1415 N Local 302 Road, secondary 4,544-square-foot warehouse, includes approximately 800 square feet of office space, an 800-square-foot mezzanine, two bathrooms, and an efficient layout for industrial or warehouse operations. Both buildings are equipped with natural gas services (Enstar), electric service (MEA), telecommunications service (MTA), and served by separate Reznor Modine shop heaters and furnaces. 1415 N Local 302 Road features extensive gravel, paved, and concrete parking areas, including a 70-foot by 80-foot concrete pad ready for additional development or expansion. A total of 4 acres of the lot are secured with chain-link fencing and dual access gates, including a remotely operated entry point. The mostly level parcel includes two elevated areas with excess gravel, providing potential for on-site gravel extraction and additional revenue generation. Existing well and septic systems, on-site, include a 60-foot-deep well and a 1,500-gallon septic tank with a seepage bed. 1415 N Local 302 Road includes multiple easements and planned infrastructure improvements, such as road access enhancements associated with the Hemmer Road project, which support long-term subdivision potential. Owner-proposed future uses include subdividing into 1- to 2-acre commercial lots or residential and multifamily development, making this an attractive value-add redevelopment and investment opportunity in a high-growth Alaska market. 1415 N Local 302 Road offers scalability, flexibility, and strong positioning for industrial users, investors, and developers seeking industrial space, with expansion upside in Palmer, Alaska.