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    L2b1 Nome-Teller Hwy Nome, AK 99762

    Sponsored
    For Sale
    $180,000

    Prime 1.29-acre lot, highway frontage, utilities available.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This exceptional 1.29-acre commercial lot presents a remarkable opportunity for development in Nome, Alaska. Boasting an impressive 498 feet of frontage along the Nome-Teller Highway, this property enjoys unparalleled visibility and accessibility. Its strategic location ensures high traffic volume and exposure, ideal for a wide range of commercial ventures. All essential utilities are readily available on-site, including water, sewer, electricity, and telephone service, simplifying the development process and minimizing upfront costs. The property is zoned for commercial use, as detailed in Title 18 of the Nome Zoning Code, which aims to foster a diverse mix of businesses to enhance the community. This zoning allows for considerable flexibility in development plans, catering to various commercial needs. The seller, Alaska Gold Company LLC, a subsidiary of Bering Straits Native Corporation, will give preferential consideration to offers from Bering Straits Native Corporation shareholders. This presents a unique advantage for eligible buyers. All provided information is believed to be accurate, however, potential buyers are strongly encouraged to independently verify all details before making a purchase decision. This is a rare chance to acquire a highly desirable commercial property in a thriving Alaskan community. Don't miss this exceptional investment opportunity.

    Property Features for L2b1 Nome-Teller Hwy

    General Information

    Property type
    Other commercial real estate
    Lot Size
    43,560 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Nome
    County
    Nome Census Area
    State
    Alaska
    Longitude
    -165.4029
    Latitude
    64.50581

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    FAQs

    What type of property is this?
    Commercial real estate - Prime 1.29-acre lot, highway frontage, utilities available.
    Where is this commercial real estate located?
    The property is located at L2b1 Nome-Teller Hwy Nome, AK.
    What is the asking price?
    The asking price for this property is $180,000.
    (855) 450-0442
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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
    L2b1 Nome-Teller Hwy Nome, AK 99762
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