7570 E Palmer Wasilla HWY, Palmer, AK 99654
7570 E Palmer Wasilla HWY, Palmer, AK 99654
7570 E Palmer Wasilla HWY, Palmer, AK 99654
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Carolyn DeYoung

Carolyn DeYoung

+1(907) 351-9820
$1,628,500
Est. payment /mo
10,080 SqFt
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UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 10,080 sqft

Price per Sqft $161

MLS Listing ID 26-13600

Construction Status Existing Structure

Year Built 1984

Lot Size 1.080 Acres

Acres 1.0

Source Alaska Multiple Listing Service

Property Description

Two-building, 10,080 SF flex/shop investment on a fenced 1.08-acre lot with 153 ft of Palmer-Wasilla Hwy frontage and signalized access at N Wagon Rd. Building B (6,080 SF, six bays) is 100% leased to three local tenants. Building A (±4,000 SF) is vacant and ready for an owner-user or tenant. 5.2% in-place / 9.7% stabilized cap rate. New roofs 2023. Full Offering Memorandum available upon request Second entrance off E Buckboard Rd. Building B tenants: a veterinary clinic, a sewer & drain contractor, and a logistics/shop user. Building A is a former fitness center with restrooms, showers and an overhead door. An owner-user can occupy Building A and let Building B rents cover most of the mortgage; investors can re-lease Building A at its former rent to reach the stabilized cap rate. Major upgrades 2023-2026: new roofs on both buildings, siding, insulation, electrical, gutters, paved/striped parking and renovated units. Shop bays incl. 14 ft overhead door. Unzoned, private well and septic. Please do not disturb tenants.

Location

State AK

Area Pa - Palmer

Zoning UNZ - Not Zoned-all MSB but Palmer/Wasilla/Houston

Direction Palmer Wasilla Hwy to N Wagon Road. Turn South at the stop light. Access to Bldg A is on he left, access to Bldg B is off E Buckboard Circle. Maps works for this property.

Building

Lot Size Range 1.0

New Construction No

Construction Status Existing Structure

Others

Tax ID 2488B03L002

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Carolyn DeYoung

Carolyn DeYoung

+1(907) 351-9820

Licensed Salesperson, Property Manager License ID: 15923

Licensed Salesperson, Property Manager License ID: 15923

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