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    OFF-MARKET
    Commercial land

    401 Willow St, Kenai, AK 99611-7773

    1.11 ac lot
    Individually Owned Absentee Owner Free & Clear
    Property ID
    US02-0117670
    Property summary
    AI-generated overview

    This exceptional 2,500 square foot warehouse, located at 401 N. Willow St. in Kenai, Alaska (99611), presents a unique opportunity. Currently undergoing a complete remodel for turnkey occupancy by February 15th, 2024, this mixed-use property offers two divisible spaces, each a minimum of 1,250 contiguous square feet. The building, constructed in 1984, boasts convenient features ideal for various commercial uses. Two drive-in doors (one 12' and one 8') provide easy access for loading and unloading, while an integrated in-floor scale simplifies inventory management. The property is zoned RMKS and benefits from a highly desirable location on the north end of the Kenai Airport, adjacent to FedEx, offering unparalleled airport apron access. The entire 2,500 square feet is currently vacant and available for lease as a single unit or divided into two 1,250 square foot spaces. This prime location and the upcoming completion of the remodel make this an exceptional investment opportunity.

    Property profile
    Verified
    Property type Commercial land
    Use group VACANT COMMERCIAL LAND
    Lot 1.11 ac (48,352 SF)
    APN 043-360-24
    UPID US02-0117670
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Crowley Fuels Gas Company Logistics Service
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Dan O Pitts
    Dan O Pitts
    2 recorded transactions
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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