650 Steel Loop Palmer, AK 99645-6689

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.