530 7Th AveFairbanks, AK 99701

Property Details for 530 7Th Ave

Year built

1967

Construction

WOOD

Lot size

0.35 AC

Property size (Sq ft)

2,826 SF

Property type

Other commercial real estate

APN

37311

APU

37311

Description

This exceptional commercial property, located at 530 7th Avenue in Fairbanks, Alaska, presents a lucrative investment opportunity. The 0.35-acre lot encompasses a 4,400 square foot building currently generating strong rental income from long-term leases. A small portion of approximately 400 square feet is currently available for lease, offering potential for increased revenue. The property's prime downtown Fairbanks location ensures high visibility and accessibility, making it an ideal investment for discerning buyers. The well-maintained building is classified as special purpose and offers significant potential for future development or continued rental income generation. The property is situated in the Fairbanks North Star Borough, with a zip code of 99701. This is a rare opportunity to acquire a well-established commercial property in a thriving Alaskan market. The asking price for this exceptional investment is $699,900. The property's strong tenant base and consistent rental income stream make it an attractive option for investors seeking a stable and profitable return. The existing lease agreements provide a foundation for continued success, while the available space offers the potential for further growth and income generation. This property is a must-see for any serious investor looking for a solid return in a desirable location.

• Alternative Use

  Use

  Valuation

  Residential

  $872,507

  Hospitality

  $799,211

  Educational

  $664,934

  Medical

  $687,803

  Retail

  $1,034,342

Location Insight

City

Fairbanks

County

Fairbanks North Star

State

Alaska

Latitude

64.8409

Longitude

-147.718

CBSA code

21820

CBSA name

FAIRBANKS, AK METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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