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    00 No Rd McGrath, AK 99627

    For Sale
    $4,950,000

    1640 Acres, Abundant Wildlife

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 1,640-acre Alaskan gold mine, located near McGrath, presents a unique investment opportunity. Situated in the Innoko Mining District at the confluence of Bear and Cripple Creeks, this property boasts 72 unpatented claims with a rich history of gold mining dating back to 1917. Extensive exploration and testing reveal substantial gold reserves, with overburden depths ranging from 8-15 feet. Drilling information is available for approximately 25% of the claims. The property includes a 1,600-foot gravel runway (expandable by 400 feet), a modern suction dredge, a trommel, and various mining equipment, including a John Deere dozer and a Caterpillar loader. Multiple cabins provide on-site housing, including crew quarters, a kitchen, utility space, and storage. Beyond mining, the abundant wildlife—grizzly and black bears, moose, caribou, wolves, wolverines, and lynx—makes this a prime recreational location. Proximity to a 6,000-foot paved airstrip in McGrath ensures accessibility. The asking price is $4,950,000. This property offers a compelling blend of mining potential and recreational opportunities in Alaska's stunning wilderness.

    Property Features for 00 No Rd

    General Information

    Property type
    Land
    Lot Size
    71,438,400 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    McGrath
    County
    Yukon Koyukuk
    State
    Alaska
    Longitude
    -156.1496
    Latitude
    63.5735

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Land - 1640 Acres, Abundant Wildlife
    Where is this land located?
    The property is located at 00 No Rd McGrath, AK.
    What is the asking price?
    The asking price for this property is $4,950,000.
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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
    00 No Rd McGrath, AK 99627
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