205 Front St Nome, AK 99762
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.
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Polar Bar & Liquor Store Bar & Pub
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Krier Inc Apartment Building
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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No recorded transactions found for this property.
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