511 Main Street Loop Kenai, AK 99611
- Commercial real estate
- 744 SF
- 0.10 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 511 Main Street Loop
- Year built
- 1963
- Lot size
- 0.10 lot acres
- Property size
- 744 SF
- Property type
- Commercial real estate
Description
This 744-square-foot commercial building, situated on a 0.1-acre lot at 511 Main Street in the heart of Kenai, Alaska, presents a fantastic investment opportunity. Completely renovated, the property boasts modern interiors ready for immediate occupancy. Currently leased month-to-month for $930 per month, the tenant covers all utilities and business insurance. The tenant's existing fixtures include a refrigerator, microwave, and sink cabinets. The seller is offering attractive financing options: $50,000 down payment with a 10% interest rate over a 10-year term, contingent upon an acceptable offer. The building's prime location in Kenai ensures high visibility and accessibility. All upgrades are complete, eliminating the need for further renovations. The owner maintains property insurance. This turnkey property offers a blend of immediate income generation and long-term investment potential, making it an ideal acquisition for savvy investors seeking a profitable venture in a thriving Alaskan community. The property's strong rental history and attractive financing terms make it a compelling investment opportunity. Don't miss this chance to own a renovated commercial building in a desirable Kenai location.
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
- Kenai
- County
- Kenai Peninsula Borough
- State
- Alaska
- Longitude
- -151.26
- Latitude
- 60.5533