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    2999 Park Hwy Hwy Fairbanks, AK 99709

    Sponsored
    For Sale
    $1,000,000

    Prime Fairbanks location, build-to-suit potential.

    Property size:
    1,234 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional 6-acre commercial lot in Fairbanks, Alaska, presents a unique investment opportunity. The property, formerly home to the Blue Loon Bar and Grill, boasts existing CMU walls and a foundation, significantly reducing construction costs for a new build. The 1,234 square foot structure offers a solid base for a variety of commercial ventures. The existing foundation and walls provide a head start on construction, saving time and money. The property's zoning allows for flexibility in development, making it suitable for a range of commercial uses. A significant advantage is the inclusion of a liquor license in the sale, a valuable asset for businesses requiring such a permit. The property's strategic location benefits from the proximity to the recently purchased Gold Hill Convenience Store, which is undergoing redevelopment by Three Bears. This nearby development suggests a growing commercial area, further enhancing the property's investment potential. The property's size and existing infrastructure make it ideal for a variety of commercial uses, including, but not limited to, a bar and grill, or even marijuana retail or cultivation, given the current market trends in the area. This is a rare opportunity to acquire a fully permitted commercial lot with significant existing infrastructure in a rapidly developing area of Fairbanks. The sale price is $1,000,000.

    Property Features for 2999 Park Hwy Hwy

    General Information

    Property type
    Other commercial real estate
    Square Feet
    1,234 SF
    Lot Size
    261,360 SF

    Building Details

    Year Built
    2023
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Fairbanks
    County
    Fairbanks North Star Borough
    State
    Alaska
    Longitude
    -147.9043
    Latitude
    64.8468

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Fairbanks location, build-to-suit potential.
    Where is this commercial real estate located?
    The property is located at 2999 Park Hwy Hwy Fairbanks, AK.
    What is the asking price?
    The asking price for this property is $1,000,000.
    (907) 456-6008
    Request Owner's contact information
    2999 Park Hwy Hwy Fairbanks, AK 99709
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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
    2999 Park Hwy Hwy Fairbanks, AK 99709
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