210 4 AveSeward, AK 99664

Property Details for 210 4 Ave

Year built

1941

Lot size

0.14 AC

Property size (Sq ft)

12,228 SF

Property type

Commercial real estate

APN

149-110-34

APU

14911034

Description

This exceptional commercial property at 210 Fourth Avenue in Seward, Alaska, presents a rare investment opportunity. The Alaska Shop, a renowned and established business operating for over 120 years, occupies the entire 12,228 square foot building. Boasting a prime location in historic Seward, this gift shop is the largest in the state and enjoys a stellar 5-star rating on TripAdvisor, attracting a significant volume of clientele. The property includes 11,350 square feet of retail space dedicated to the thriving gift shop operation, generating an impressive approximate annual gross revenue of $1.7 million, despite operating only seasonally. Adding to its appeal is a recently remodeled, nearly 1,000 square foot apartment, providing versatile options for owner occupancy or additional rental income. Seward's tourism industry is booming, with over 100 cruise ships docking in 2024, and projections for even greater numbers following the completion of a new dock in 2025. This presents a unique opportunity to acquire a highly profitable, established business with significant growth potential in a rapidly expanding tourist destination. The 0.21-acre lot provides ample space for the existing building and potential future expansion. This is a turnkey operation ready for a new owner to step in and continue the legacy of success. The asking price is $8,300,000.

Location Insight

City

Seward

County

Kenai Peninsula

State

Alaska

Latitude

60.1016

Longitude

-149.44

Property Tax & Assessments

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