2999 Park Hwy Hwy Fairbanks, AK 99709
- Commercial real estate
- 1,234 SF
- 6.00 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 2999 Park Hwy Hwy
- Year built
- 2023
- Lot size
- 6.00 lot acres
- Property size
- 1,234 SF
- Property type
- Commercial real estate
Description
This exceptional 6-acre commercial lot in Fairbanks, Alaska, presents a unique investment opportunity. The property, formerly home to the Blue Loon Bar and Grill, boasts existing CMU walls and a foundation, significantly reducing construction costs for a new build. The 1,234 square foot structure offers a solid base for a variety of commercial ventures. The existing foundation and walls provide a head start on construction, saving time and money. The property's zoning allows for flexibility in development, making it suitable for a range of commercial uses. A significant advantage is the inclusion of a liquor license in the sale, a valuable asset for businesses requiring such a permit. The property's strategic location benefits from the proximity to the recently purchased Gold Hill Convenience Store, which is undergoing redevelopment by Three Bears. This nearby development suggests a growing commercial area, further enhancing the property's investment potential. The property's size and existing infrastructure make it ideal for a variety of commercial uses, including, but not limited to, a bar and grill, or even marijuana retail or cultivation, given the current market trends in the area. This is a rare opportunity to acquire a fully permitted commercial lot with significant existing infrastructure in a rapidly developing area of Fairbanks. The sale price is $1,000,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Fairbanks
- County
- Fairbanks North Star Borough
- State
- Alaska
- Longitude
- -147.904
- Latitude
- 64.8468
