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    7-11B Yorktown Dr Ketchikan, AK 99901

    Sponsored
    For Sale
    $575,000

    1.66 Acres, High-Density Residential Zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.66-acre land parcel, identified as Lots 7-11B N Yorktown Drive in Ketchikan, Alaska, presents a unique investment opportunity. Priced at $575,000, this property is zoned for high-density residential development, making it ideal for multi-family housing projects. Significant site work has already been completed, streamlining the development process and reducing upfront costs. The location within Ketchikan city limits offers convenient access to essential utilities, including water and sewer. Its proximity to schools, a bus line, and a recreation center enhances its appeal and potential for attracting residents. The property's address is Lots 7-11B N Yorktown Dr, Ketchikan, AK 99901, situated within the Ketchikan Gateway Borough (County 565). This strategic location and the completed site work combine to create a compelling opportunity to address the current housing shortage in the area while generating significant returns. The property's size and zoning regulations allow for substantial development potential, making it an attractive proposition for both experienced developers and investors seeking a high-yield project in a desirable Alaskan location. Contact us today to learn more about this exceptional development opportunity.

    Property Features for 7-11B Yorktown Dr

    General Information

    Property type
    Land
    Lot Size
    72,310 SF

    HighLights

    • Property Type: Land
    • Price: $575,000
    • Location: Ketchikan, AK, Ketchikan Gateway Borough
    • Zoning: High‑density residential
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Ketchikan
    County
    Ketchikan Gateway
    State
    Alaska
    Longitude
    -131.6383522
    Latitude
    55.3487119

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    FAQs

    What type of property is this?
    Land - 1.66 Acres, High-Density Residential Zoning
    Where is this land located?
    The property is located at 7-11B Yorktown Dr Ketchikan, AK.
    What is the asking price?
    The asking price for this property is $575,000.
    What are key features of this property?
    This property features: Property Type: Land; Price: $575,000; Location: Ketchikan, AK, Ketchikan Gateway Borough
    (877) 719-3928
    Request Owner's contact information
    7-11B Yorktown Dr Ketchikan, AK 99901
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    Ketchikan, AK 99901
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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
    7-11B Yorktown Dr Ketchikan, AK 99901
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