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    700 Old Steese Hwy Fairbanks, AK 99701

    For Sale
    $2,195,000

    Multi-purpose - Fairbanks, AK

    Property size:
    12,500 SF
    Lot size:
    0.87 Acres
    Days on Market:
    81
    Last Refresh:
    Dec 14 at 7:06 pm

    Property Features for 700 Old Steese Hwy

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    General Use District - 1
    Parking
    40
    Size
    12,500 SF
    Lot size
    0.87 Acres

    Building Details

    Year built
    1985
    Architectural style
    Other

    KELLER WILLIAMS REALTY ALASKA GROUP FAIRBANKS (907) 531-9170

    Listing agent Scott Rosenthal (907) 987-1000 License #RECS17638

    Listing date Sep 25, 2025

    MLS# 157596 Listing URL

    Copyright © 2025 Greater Fairbanks Board-Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Versatile Building on Old Steese Highway

    This two-level, 12,500 square foot building, situated with frontage on the Old Steese Highway in Fairbanks, Alaska, offers a range of potential uses. The property is zoned for general use. The lower level features a large open area suitable for tables or a dance floor, a stage, multiple potential bar areas, and a partially set up commercial kitchen area. Remodeled men's and women's restrooms are also located on this level. The upper level provides additional space for tables, dance floors, and another bar. It also includes a large conference room, remodeled men's and women's bathrooms, a private office with a private restroom, and additional storage. The 0.867217-acre lot provides space for various business operations, including a restaurant, bar, or retail establishment. The property could also accommodate cultivation and retail for the cannabis industry. This building presents an opportunity for a variety of commercial ventures.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bars

    Map

    City
    Fairbanks
    County
    Yukon-Koyukuk
    State
    Alaska
    Longitude
    -147.6958211
    Latitude
    64.8508773

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    FAQs

    What type of property is this?
    Bar - Two-level, 12,500 SF building suitable for diverse commercial ventures.
    Where is this bar located?
    The property is located at 700 Old Steese Hwy Fairbanks, AK.
    What is the asking price?
    The asking price for this property is $2,195,000.
    What are key features of this property?
    This property features: - Prime frontage on the Old Steese Highway.; - Two levels with large open areas suitable for various purposes.; - Potential for cultivation and retail in the cannabis industry.
    (907) 987-1000
    Request Owner's contact information
    700 Old Steese Hwy Fairbanks, AK 99701
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    Fairbanks, AK 99701
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    700 Old Steese Hwy Fairbanks, AK 99701
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