1415 Local 302 Rd Palmer, AK 99645

Property Details for 1415 Local 302 Rd

Year built

1989

Lot size

6.00 lot acres

Property size

15,544 SF

Property type

Commercial real estate

Description

This exceptional Palmer, Alaska commercial property offers a unique investment opportunity. Spanning approximately 6 acres (with potential for subdivision to 6-7 acres), this centrally located complex boasts over 15,544 square feet of versatile space, less than a mile from downtown. The main building, constructed in 1989, is a 11,000 sq. ft. two-story steel-framed structure featuring a 5,200 sq. ft. hangar/shop area with a 6-ton bridge crane/hoist and a 50'x18' Schweiss bifold hangar door (added 2014-2015). A 2,200 sq. ft. concrete addition (2014-2015) provides additional shop space with open access to the main shop. The 3,600 sq. ft. office/living area includes a remodeled one-bedroom apartment with a deck offering views of Pioneer Peak. A second building, constructed in 1980, offers an additional 4,544 sq. ft. of shop/warehouse space, including 800 sq. ft. of office area and 800 sq. ft. of mezzanine storage. The property includes extensive paved/concrete and gravel parking, a 70' x 80' concrete pad for expansion, and approximately 4+ acres of chain-link fenced area. Utilities include natural gas (Enstar), electricity (MEA), and telephone (MTA). The property has existing easements, and a portion of land will be used for a road project easement. The property has a well (60' deep, 4 gallons per minute) and septic system (1500-gallon tank with seepage bed). A tenant currently occupies the property with a lease extending to October 2024, including options for two 5-year extensions. The property's previous uses include helicopter maintenance, aviation business, heavy equipment repair, and a training center. The elevated areas on the property contain excess gravel with potential for extraction and sale. Please schedule an appointment before visiting the property.

Location Insight

City

Palmer

County

Matanuska-Susitna Borough

State

Alaska

Longitude

-149.154

Latitude

61.5948