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Property profile & analytics
OFF-MARKET
Commercial real estate

318 Msn St Ste 10110220 Ketchikan, AK 99901-6420

6,772 SF 0.08 ac lot Built 1950
Individually Owned 5-yr Hold ~ Est. High Equity
Property ID
US02-0252478
Property summary
AI-generated overview

This exceptional business opportunity presents the chance to acquire Ketchikan's most iconic art gallery, a thriving, year-round enterprise operating in the same downtown location for over 50 years. Priced at $739,000, this turnkey operation includes a well-established brand, all furniture, fixtures, framing equipment and supplies, computers, software, and a fully functional website. A long-term lease is provided. The gallery showcases a curated selection of exclusive artists, handcrafted jewelry, and unique gift items, establishing a distinct market position. As the island's only custom framing shop, it enjoys a loyal local clientele and benefits from the annual influx of up to 1.5 million visitors. The business boasts a strong local presence, a historic reputation, and has twice been named Business of the Year, participating actively in community events and art walks. The $739,000 list price comprises a $350,000 base price (including all equipment, software, website, brand, and lease) plus the inventory value at closing. This represents a unique opportunity to own a piece of Alaskan history in a vibrant, high-traffic downtown location. The 2,386 square foot gallery sits on a 0.08-acre lot at 318 Mission Street, Ketchikan, AK. This is a rare chance to own a well-respected business that is a cornerstone of Ketchikan's art scene.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1950
Total area 6,772 SF
Lot 0.08 ac (3,411 SF)
APN 01-1431-012000
UPID US02-0252478
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • AERO SERVICES Freight Service Logistics Company
  • Arctic Spirit Gallery Art Gallery Art Dealer
  • Scanlon Gallery & Custom Framing Art Gallery Picture Frame Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Michael B Peters · 5 yrs held
Michael B Peters
since 2021
1 recorded transaction
2021
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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