1415 Local 302 RdPalmer, AK 99645

This exceptional Palmer, Alaska commercial property offers a unique investment opportunity. Spanning approximately 6 acres (with potential for subdivision to 6-7 acres), this centrally located complex boasts over 15,544 square feet of versatile space, less than a mile from downtown. The main building, constructed in 1989, is a 11,000 sq. ft. two-story steel-framed structure featuring a 5,200 sq. ft. hangar/shop area with a 6-ton bridge crane/hoist and a 50'x18' Schweiss bifold hangar door (added 2014-2015). A 2,200 sq. ft. concrete addition (2014-2015) provides additional shop space with open access to the main shop. The 3,600 sq. ft. office/living area includes a remodeled one-bedroom apartment with a deck offering views of Pioneer Peak. A second building, constructed in 1980, offers an additional 4,544 sq. ft. of shop/warehouse space, including 800 sq. ft. of office area and 800 sq. ft. of mezzanine storage. The property includes extensive paved/concrete and gravel parking, a 70' x 80' concrete pad for expansion, and approximately 4+ acres of chain-link fenced area. Utilities include natural gas (Enstar), electricity (MEA), and telephone (MTA). The property has existing easements, and a portion of land will be used for a road project easement. The property has a well (60' deep, 4 gallons per minute) and septic system (1500-gallon tank with seepage bed). A tenant currently occupies the property with a lease extending to October 2024, including options for two 5-year extensions. The property's previous uses include helicopter maintenance, aviation business, heavy equipment repair, and a training center. The elevated areas on the property contain excess gravel with potential for extraction and sale. Please schedule an appointment before visiting the property.