516 Stedman St Ketchikan, AK 99901
Three-story mixed-use building with existing rental income and conversion potential.
Lot size:
0.07 AcresProperty Features for 516 Stedman St
General Information
- Standard status
- Active
- Lot size
- 0.07 Acres
Source:
Exprealty
Listing Agency: Coastal Keller Williams Realty Alaska Group Listing Agent: Michael Elerding
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Mixed-Use Building with Rental Income
This three-story mixed-use building, constructed in 1988, is located on Stedman Street. The property offers 5,750 square feet of rentable space and includes five off-street parking spaces. Each floor is individually metered for electrical service and features separate lockable access. A central staircase provides access to all three floors, incorporating a rock feature. The third floor, with 2,104 square feet of rentable space, is currently vacant and includes two private offices, a kitchenette, two private bathrooms, and a deck/viewing area at the front of the building. The first and second floors are owner-occupied, offering 1,572 and 1,994 square feet of rentable space, respectively, and generate an annual gross rental income of $48,000. The property is zoned General Commercial, lending itself to commercial retail or office space. The building could also be converted to residential condos or employee housing. The existing owner/tenant is willing to stay and continue to lease the space or vacate at the buyer's request.
Location Intelligence
Current Use by Public Records
The Local Paper
Print Shop
KFMJ
Radio Broadcaster
Map
- City
- Ketchikan
- County
- Prince of Wales-Hyder
- State
- Alaska
- Longitude
- -131.6384169
- Latitude
- 55.339586
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FAQs
What type of property is this?
Retail space - Three-story mixed-use building with existing rental income and conversion potential.
Where is this retail space located?
The property is located at 516 Stedman St Ketchikan, AK.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: - High Rental Income Potential: Existing rental income of $48,000 annually from the first two floors, plus a vacant third floor ready to rent.; - Flexible Zoning: Zoned General Commercial, allowing for retail, office space, or conversion to residential condos/employee housing.; - Substantial Rental Space: Total of **5,750 sq ft of rentable space** across three floors.