255 S Willow St - Freestanding FOR SALE


Kenai, AK 99611
$1,950,000 USD
541-325-2027
255 S Willow St, Kenai, AK for Sale
$1,950,000 USD
Freestanding - FOR SALE
1/15
null | Request Cap Rate

NEW


255 S Willow St
Kenai, AK 99611


HIGHLIGHTS

  • Steel frame construction, with metal siding and roof and roll up doors
  • Significantly renovated in 2019 with many system updates
  • Ample power and newer large capacity HVAC system
  • Fully fire-suppression sprinkled, and wired for IT and alarm system
  • Walk-in freezer and cooler, stainless steel sinks, and grease trap
  • Ample parking around the building and located near the Kenai Spur Highway, the Kenai airport, and near major shopping, large employment centers, etc.

OVERVIEW

For Sale: A very well-built and thoroughly maintained mixed-use property in Kenai, Alaska. This 11,500 +- square foot building sits on .67 acres in the heart of the Kenai/Soldotna metro area. Having served as a prime location for everything from medical office to warehouse and sales to a family fun center, this asset has tons of potential for a local or regional user-buyer or an investor. Used most recently for an arcade/fun center and owned by the organization that still runs the adjacent cineplex, 255 S. Willow is in a mixed-use area that has multiple benefits. From banking to retail to service businesses to manufacturing, this building is ideally located for a variety of uses and is built to accommodate virtually any commercial activity. The building was significantly renovated in 2019 when the present owners retrofitted it with a complete new build of the top floor, a walk-in freezer and cooler, lite commercial kitchen space, full insulation, and updated HVAC capabilities. The building exterior was also updated at this time. It also features an HVAC system with approximately 15 tons of capacity. See the units pictured below. In addition, the building has an updated fire suppression system that has regular inspections and maintenance. The building is also amply served with 220 volt power, with multiple breaker panels. This power configuration has provided capacity for the building to operate with a combination of high electrical demand equipment and commercial kitchen fixtures, such as a walk-in refrigerator and freezer. And, the property has a lift for ADA access to the second floor.

FOR SALE DETAILS

PRICE

$1,950,000 USD

PRICE/SF

$309 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Kenai Alaska Flex/Multi-Purpose Building

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

undefined, Bar, Medical

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1968

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.67 AC

LAND SF

29,185 SF

ZONING

Central Mixed Use

APN/PARCEL ID

043-200-07

ASK ABOUT THIS PROPERTY

Ken StreaterAligned Commercial Real EstateMore Info
541-325-2027

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Ken StreaterAligned Commercial Real EstateMore Info
541-325-2027

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