120 Front St Wrangell, AK 99929

This exceptional investment opportunity presents a fully-leased, 5,000 square foot commercial property situated on a 0.07-acre lot at 120 Front Street in Wrangell, Alaska. The property enjoys a prime location in Wrangell's bustling commercial district, a highly sought-after area known for its strong commercial and residential activity. The main tenant is a thriving, established burger restaurant with a proven track record and consistent high volume of both local and tourist clientele. This ensures a reliable and substantial income stream. Adding to the property's diversified income potential are two well-maintained residential apartments, currently fully occupied and boasting a waiting list due to Wrangell's ongoing housing shortage. This guarantees minimal vacancy risk and consistent rental income from this component. The entire property is secured under a 3-year Triple Net Lease (NNN) agreement, significantly reducing owner responsibilities and maximizing passive income. The combination of commercial and residential tenants mitigates risk and provides a stable, diversified cash flow. The property is in excellent condition and requires no immediate capital improvements, allowing for immediate returns on investment. This presents an ideal opportunity for a 1031 tax-deferred exchange, offering both stability and significant growth potential within Wrangell's thriving real estate market. The asking price is $517,500.