Coffee Shop with Detached
340 N Lucille St, Wasilla, AK 99654
For Sale
$599,000
Kitchen and office areas accompany open gathering space and paved parking.
Property Size3,147 SF
Price / SF$190.34
Days on Market24
Property Features for 340 N Lucille St
General Information
Standard status
Size
Property subtype
Amenities
paved parking
covered front porch
bright interiors
open gathering areas
office space
kitchen facilities
detached garage
Building Details
Year Built
Listing Agency:
Keller Williams Realty Alaska Group of Wasilla
Listed By:
Dustin Renner · License AK #16580
(907) 841-0128
Source:
Viewanchoragehouses
Added: Oct 19
Changed: Nov 10
Last Checked: Nov 10 at 2:16PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty Alaska Group of Wasilla
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Investment Insights
Based on property information with market context.
This 3,147-square-foot coffee shop in downtown Wasilla includes open gathering areas, kitchen facilities, and office space. A covered porch fronts the building, and a detached garage provides additional storage. The property was built in 1965 and has paved parking.
The Alaska Cat Cafe business is offered separately from the real estate; additional information is available on request.
The Alaska Cat Cafe business is offered separately from the real estate; additional information is available on request.
Key Highlights
- 3,147 square feet in downtown Wasilla
- Detached garage for storage
- Kitchen, office space, and open gathering areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,591
Cap Rate
7.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$931,820
$931.8K
Cap Rate 7%
$665,586
$665.6K
Cap Rate 9%
$517,678
$517.7K
Market Conditions
NOI Build-Up for 3,147 SF
Gross rent
$66.1K $21.00/SF
− Vacancy
−$4.0K −$1.26/SF
EGI
$62.1K $19.74/SF
− OpEx
−$15.5K −$4.94/SF
NOI
$46.6K $14.81/SF
Area
Matanuska-Susitna County, AK
Vacancy
6.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$931,820
Cap Rate 7%
$665,586
Cap Rate 9%
$517,678
Alternative Uses
Best Use
Specialty Retail
$665.6K
$582.4K – $776.5K
NOI $46,591 @ 7.0% cap · market cap 7.78%
Second Best
Retail
$542.7K
$474.8K – $633.1K
NOI $37,987 @ 7.0% cap · market cap 6.34%
Theoretical Best
Office A
$867.5K
$759.1K – $1.01M
NOI $60,725 @ 7.0% cap · market cap 10.14%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Demographics for 99654, AK
40,726
Population
17,006
Households
2.4
Avg Household Size
35
Median Age
24%
College-Educated
95%
High-School Grad
113.6 sq mi
ZIP Area
359
Density / Sq Mi
$93,739
Median Household Income
$53,748
Median Earnings
$1,233
Median Rent
$342,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Coffee shop - Kitchen and office areas accompany open gathering space and paved parking.
Where is this coffee shop located?
The property is located at 340 N Lucille St Wasilla, AK.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 3,147 square feet in downtown Wasilla; Detached garage for storage; Kitchen, office space, and open gathering areas
