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    371 Old Steese Hwy Fairbanks, AK 99712

    Sponsored
    For Sale
    $274,900

    Large building, ample land, needs TLC.

    Property size:
    2,566 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This exceptional commercial property, located at 371 N Old Steese Highway in Fairbanks, Alaska, presents a unique investment opportunity. The 2,566 square foot building sits on a generous 4.27-acre lot, offering significant storage yard space alongside the main structure. The building itself comprises multiple areas, including an office, an apartment (suitable for additional office space or residential use), and a sizable warehouse/shop. This versatile layout allows for a variety of commercial uses, catering to businesses requiring both office and storage capabilities. While the property requires some attention and deferred maintenance, this presents a chance for a savvy investor to add value through renovations and improvements. The asking price reflects the need for some work, making this a potentially lucrative opportunity for someone willing to invest time and effort. The substantial land area provides ample room for expansion or future development, adding to the property's long-term potential. This is an excellent chance to acquire a sizable commercial property in Fairbanks at a competitive price. The combination of building space, expansive land, and strategic location makes this a compelling investment prospect. Serious inquiries are encouraged.

    Property Features for 371 Old Steese Hwy

    General Information

    Property type
    Other commercial real estate
    Square Feet
    2,566 SF
    Lot Size
    174,240 SF

    Building Details

    Year Built
    1982
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Fairbanks
    County
    Fairbanks North Star Borough
    State
    Alaska
    Longitude
    -147.6665
    Latitude
    64.87452

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    FAQs

    What type of property is this?
    Commercial real estate - Large building, ample land, needs TLC.
    Where is this commercial real estate located?
    The property is located at 371 Old Steese Hwy Fairbanks, AK.
    What is the asking price?
    The asking price for this property is $274,900.
    (907) 343-8900
    Request Owner's contact information
    371 Old Steese Hwy Fairbanks, AK 99712
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    Fairbanks, AK 99712
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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
    371 Old Steese Hwy Fairbanks, AK 99712
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