Current Use by Public Records
- Commercial real estate
Property Details for 34 Fairbanks St
- Lot size
- 1.00 lot acres
- Property type
- Commercial real estate
Description
This exceptional 5,400 square foot property presents a unique investment opportunity in the heart of Chitina, Alaska. Built in 1914 and significantly updated between 2001 and 2005, this historic hotel boasts 14 bedrooms, each with its own private bathroom. A large dining room, complete with a fully functional restaurant and bar, provides ample space for guests. The property also includes an RV park, a beer garden, and a versatile 30 x 60 foot greenhouse currently used as an outdoor dance hall and event space, making it ideal for weddings and other gatherings. The solid construction features a metal roof, steel and concrete foundation, and wood siding and structure. Essential infrastructure is in place, including a DEC-approved well and septic system, ensuring year-round operation. A year-round beverage dispensary license is also included. Situated on a one-acre lot in a prime Chitina location, this property benefits from its proximity to the Copper River, a renowned salmon fishing destination. The absence of property taxes adds significant financial appeal. This turnkey business offers a rare chance to own a piece of Alaskan history, combining a thriving hospitality business with the allure of a prime location for hunting and fishing enthusiasts. The property's diverse revenue streams and established infrastructure make it an attractive investment for those seeking a unique and profitable venture in a stunning Alaskan setting.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Chitina
- County
- Copper River Census Area
- State
- Alaska
- Longitude
- -144.437
- Latitude
- 61.5148
