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Property profile & analytics
OFF-MARKET
Office Spaces

205 Front St Nome, AK 99762

7,000 SF
Property ID
Property summary
AI-generated overview

This exceptional commercial property at 205 Front Street, Nome, Alaska, presents a unique investment opportunity. The 7,000 square foot building, known as the Polar Complex, boasts a rich history and diverse income streams. The property includes the iconic Polar Cafe, a landmark restaurant situated at the end of the Iditarod Trail, and the Polar Bar, complete with a valuable liquor license. Six income-generating apartments are also located within the complex, providing a consistent rental revenue stream. Additionally, there's a currently vacant storefront offering potential for expansion or lease income. A full basement provides ample storage space. The building features a robust dual-boiler heating system, ensuring reliable heat even in the event of a boiler malfunction. Further enhancing safety and security, a new fire suppression system has recently been installed. The current owners, looking to retire, are seeking a buyer who will appreciate and continue the legacy of the Polar Complex. This is a rare chance to acquire a well-established, multi-faceted property in a vibrant Alaskan community. The asking price is $650,000. The property is located in Nome, AK, zip code 99762.

Property profile
Verified
Property type Office Spaces
Total area 7,000 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Polar Bar & Liquor Store Bar & Pub
  • Krier Inc Apartment Building
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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