For Sale
$8,300,000

210 4 AveSeward, AK 99664

Historic Alaska Gift Shop, High Returns

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional retail property at 210 Fourth Avenue in Seward, Alaska, presents a lucrative investment opportunity. The 12,228 square-foot building sits on a 0.21-acre lot (APN: 14911006, 14911034) in the Central Business District (CBD) zoning area. Currently housing a well-established gift shop operating for 42 years, this business boasts a 5-star Trip Advisor rating and is the largest of its kind in the state. The property includes 11,350 square feet of prime retail space and a recently renovated, nearly 1,000 square-foot apartment. The business generates an approximate annual gross revenue of $1.7 million, despite operating only seasonally. Seward's robust tourism industry, fueled by over 100 cruise ship dockings in 2024 and projected growth with a new dock completion in 2025, ensures continued high demand. The asking price is $8,300,000, translating to $678.77 per square foot. This presents a rare chance to acquire a thriving, established business with significant growth potential in a prime Alaskan location. The property's size and location within the CBD zone offer flexibility for future expansion or adaptation to other retail ventures. This is a turnkey operation ready for a new owner to step in and capitalize on the existing success and future growth opportunities.

Highlights

  • 12,228 SF retail building on a 0.21-acre lot in Seward, AK's Central Business District (CBD).
  • Currently houses a successful, 42-year-old gift shop with $1.7M annual gross revenue and a 5-star TripAdvisor rating.
  • Includes 11,350 SF of retail space and a nearly 1,000 SF renovated apartment.
  • Asking price: $8,300,000 ($678.77/SF).
  • Strong growth potential due to Seward's robust tourism (100+ cruise ship dockings in 2024, new dock in 2025).

Property Details for 210 4 Ave

Property type
Retail properties
Square Feet
12,228 SF
Lot Size (sq. ft)
9,148 SF

Location Insight

City
Seward
County
Kenai Peninsula Borough
State
Alaska
Latitude
60.1016672
Longitude
-149.4399791
210 4 Ave, Seward, Alaska

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210 4 Ave
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