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    540 Water St Unit Ketchikan, AK 99901

    Sponsored
    For Sale
    $422,000

    Prime Ketchikan Office Condo, 1797 sq ft.

    Property size:
    1,797 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional 1,797 square foot commercial condo unit, located at 540 Water Street Unit #302 in Ketchikan, Alaska, presents a unique investment or owner-occupancy opportunity. Situated in the newly converted Tongass Vista Office Condo (formerly the Keene Currall Office Building), this property benefits from its prime downtown location near the historic Ketchikan Tunnel and boasts excellent occupancy rates within the building. Unit #302 offers a thoughtfully designed layout ideal for professional services, featuring three private offices, a modern waiting room, a reception area, a large private conference room, an expansive bookkeeping area, a secluded library, and a breakroom complete with a private bathroom. Six dedicated parking spaces are included, providing ample convenience for clients and staff. The conversion of the Keene Currall Office Building into modern business condos represents a significant upgrade, promising a solid return on investment. This is a rare chance to acquire prime commercial real estate in a thriving Ketchikan location. The seller is offering owner financing, subject to credit approval. This property is ready for immediate occupancy or lease.

    Property Features for 540 Water St Unit

    General Information

    Property type
    Other commercial real estate
    Square Feet
    1,797 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Currall Geoffery G Attorney Keene & Currall Attorney Bradford Law Attorney Mary Eberle Social Worker Rainwood Counseling Social Worker

    Map

    City
    Ketchikan
    County
    Ketchikan Gateway Borough
    State
    Alaska
    Longitude
    -131.6508
    Latitude
    55.34386

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Ketchikan Office Condo, 1797 sq ft.
    Where is this commercial real estate located?
    The property is located at 540 Water St Unit Ketchikan, AK.
    What is the asking price?
    The asking price for this property is $422,000.
    (907) 247-5811
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    540 Water St Unit Ketchikan, AK 99901
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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
    540 Water St Unit Ketchikan, AK 99901
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