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0 Nhn Ketchum Crk Circle Hot Springs, AK 99730

OFF-MARKET Land Google Maps
604 ac lot
Estimated value
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Property ID

Property summary

AI-generated overview

This exceptional turnkey gold mine operation in Alaska's Yukon-Koyukuk Borough offers 604± acres encompassing 34 contiguous gold claims. Located approximately 150 miles from Fairbanks, near Circle Hot Springs, this property boasts 5,118± lineal feet along Ketchum Creek and 6,603± lineal feet along Mary Louise Creek remaining to be mined. The mine consistently yields an impressive 670-900 ounces of gold per season (June 1st - September 15th), operating a wash plant 6-10 hours weekly and mining approximately 500-600 lineal feet of native ground. All necessary equipment, tools, supplies, permits, and licenses are included. On-site living amenities include an apartment attached to the shop, a bunkhouse, a trailer, and five camper pads with sewer and electrical hookups. A cedar sauna with shower completes the comfortable living quarters. Reclamation is current on all claims. Asking price is $2,300,000. This represents a significant opportunity for substantial profits in Alaska's rich gold country. The property's location presents challenges, but the potential rewards for a successful mining venture are substantial.

Property profile

Verified
Property type Land
Lot 604 ac (26,310,240 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

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Owner & transaction history

Comparables

2 recent transactions · within 1.5 mi
Comparable in this city
2 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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