120 2Nd St Juneau, AK 99801
- Retail space
- 0.17 lot acres
Current Use by Public Records
- Silverbow Inn / Hotel / Bed & Breakfast
- In Bocca al Lupo / Italian Restaurant / Bakery
Property Details for 120 2Nd St
- Year built
- 1968
- Lot size
- 0.17 lot acres
- Zone code
- MU
- Property type
- Retail space
- APN
- 1C070A050030
- APU
- 1C070A050030
Description
This exceptional 16-key boutique hotel, nestled in Juneau, Alaska's historic Messerschmidt Building (circa 1907), presents a lucrative investment opportunity. Ideally situated two blocks from the Convention Center, State Capital, and State Office Complex, this property benefits from a central location within Juneau's vibrant business and tourism district. The hotel boasts a diverse range of accommodations catering to both leisure and business travelers, ensuring consistent occupancy. Significant recent renovations, including the conversion of a large family home into luxury penthouse and executive king suites, have enhanced the property's appeal. The hotel features three rooftop decks complete with hot tubs, fire pits, and year-round seating areas offering stunning views of downtown Juneau, the Gastineau Channel, and Mount Juneau (weather permitting). Further enhancing its appeal, the ground floor houses a James Beard-nominated restaurant, recently recognized as one of the "22 Best Pizza Places in the US" by the New York Times, generating additional revenue streams. The hotel's strategic location places it within walking distance of numerous restaurants, distilleries, and bars, and within close proximity to cruise ship docks, the Sealaska Heritage Center, Centennial Hall Convention Center, Federal Building, and Elizabeth Petrovich Events Center. Occupancy rates have shown strong performance, averaging 60% from mid-January to mid-May 2023, driven by legislative sessions, and historically reaching 80%+ during peak summer months (July-September). This property offers a unique blend of historic charm, modern amenities, and a prime location, making it an attractive investment for both owners and operators. The asking price is $3,975,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Juneau
- County
- Juneau
- State
- Alaska
- Longitude
- -134.409
- Latitude
- 58.3011
- CBSA code
- 27940
- CBSA name
- JUNEAU, AK MICROPOLITAN STATISTICAL AREA
