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    34 Fairbanks St Chitina, AK 99566

    For Sale
    $925,000

    14-Room Hotel, Restaurant, Event Venue

    Property size:
    5,400 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    306
    This exceptional 5,400 square foot property presents a unique investment opportunity in the heart of Chitina, Alaska. Built in 1914 and significantly updated between 2001 and 2005, this historic hotel boasts 14 bedrooms, each with its own private bathroom. A large dining room, complete with a fully functional restaurant and bar, provides ample space for guests. The property also includes an RV park, a beer garden, and a versatile 30 x 60 foot greenhouse currently used as an outdoor dance hall and event space, making it ideal for weddings and other gatherings. The solid construction features a metal roof, steel and concrete foundation, and wood siding and structure. Essential infrastructure is in place, including a DEC-approved well and septic system, ensuring year-round operation. A year-round beverage dispensary license is also included. Situated on a one-acre lot in a prime Chitina location, this property benefits from its proximity to the Copper River, a renowned salmon fishing destination. The absence of property taxes adds significant financial appeal. This turnkey business offers a rare chance to own a piece of Alaskan history, combining a thriving hospitality business with the allure of a prime location for hunting and fishing enthusiasts. The property's diverse revenue streams and established infrastructure make it an attractive investment for those seeking a unique and profitable venture in a stunning Alaskan setting.

    Property Features for 34 Fairbanks St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    5,400 SF
    Lot Size
    43,560 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Chitina
    County
    Copper River Census Area
    State
    Alaska
    Longitude
    -144.4374
    Latitude
    61.5148

    Nearby Comparable

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      Gakona Commercial Property - Income Producing

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    Nearby Similar for Sale

    • $225,000
      1,430 SF

      add to these attractions.\n\nInternet and telephone via fiber optic. Additional wiring for bathroom

      floor outlets
      L3 B3 Main St, Chitina, AK 99566
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    • $75,000
      2,000 SF

      Historic Chitina Building - Huge Potential

      Prime location, needs restoration, 2000 sq ft.
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    FAQs

    What type of property is this?
    Commercial real estate - 14-Room Hotel, Restaurant, Event Venue
    Where is this commercial real estate located?
    The property is located at 34 Fairbanks St Chitina, AK.
    What is the asking price?
    The asking price for this property is $925,000.
    (907) 376-4515
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    34 Fairbanks St Chitina, AK 99566
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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
    34 Fairbanks St Chitina, AK 99566
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