Current Use by Public Records
- Polar Bar & Liquor Store / Bar & Pub
- Krier Inc / Apartment Building
Property Details for 205 Front St
- Property type
- Office Spaces
Description
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.
Value Estimations
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Nome
- County
- 02180
- State
- Alaska
- Longitude
- -165.405
- Latitude
- 64.4972
