650 Steel LoopPalmer, AK 99645

Property Details for 650 Steel Loop

Year built

2005

Lot size

0.47 AC

Zone code

12

Property type

Industrial properties

Property subtype

Other industrial properties

APN

4422B03L006

APU

4422B03L006

Description

This exceptional 5,000 square foot commercial building, situated on a 0.47-acre lot in the heart of Palmer's Commercial Center, presents a unique investment opportunity. Built in 2005 and boasting a brand new 50-year roof installed in 2023, the property offers two distinct units, each with its own advantages. The flexible layout caters to a variety of business needs. The ground floor features ample warehouse and storage space, complemented by multiple bathrooms. Upstairs, a comfortable office area seamlessly integrates with living quarters, including a kitchen. This dual functionality allows for either single-business occupancy or a lucrative duplex arrangement, with one unit for personal use and the other for rental income. The property benefits from city water and sewer connections, as well as three-phase power, ensuring operational efficiency. Located within the City of Palmer Business Park, this building is surrounded by high-value commercial properties, exceeding $2 million in assessed value. The safe and secure environment is further enhanced by regular patrols from the City of Palmer. The BP zoning designation permits a wide range of commercial land uses, as detailed in the Palmer Municipal Code. This property offers a blend of functionality, location, and potential, making it an ideal investment for discerning buyers.

• Alternative Use

  Use

  Valuation

  Residential

  $6,320,888

  Hospitality

  $5,789,899

  Educational

  $4,817,128

  Medical

  $4,982,796

  Retail

  $7,493,310

Location Insight

City

Palmer

County

Matanuska-susitna

State

Alaska

Latitude

61.5816

Longitude

-149.106

CBSA code

11260

CBSA name

ANCHORAGE, AK METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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