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1230 Ocean Drive

Homer, AK 99603
  • $795,000
  • STATUS: Active
  • ON SITE: 46 Days
  • MLS #: 24-6610
UPDATED: 107 min ago
$795,000
  • 0
    BEDS
  • 0.48
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,792
    SQFT
  • $166
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1978
Area:

School Ratings & Info

Description

Excellent investment with prime location on road leading to the iconic Homer Spit! Upper floor is fully leased and the Seller will lease back the entire lower floor for a minimum of 6 months. Building is in great condition. Property consists of 2 lots, one lot providing additional parking and access to the lower unit exterior entrance. Their is an interior stairwell to access both floors as well A recent bank desktop appraisal of current market value was $979,345 (See Documents). The Sellers are highly motivated since they have purchased another property on the Homer Spit to be closer to the harbor. The building is currently fully leased and the Sellers, who occupy the lower level, will lease back after closing for a minimum of 6 months or more depending on remodel completion at their new location. The upper floor has a great layout with a common entry and then two large office units off to the left and right. Each leased office space upstairs is approximately 1100 square feet. Cook Inlet Counseling occupies the left side, and they are long term tenants in the building. Their area has a number of office units, private bathroom, kitchen nook and a small conference area. Destination Alaska Adventures is a new Lessee for the right unit. They have a one year lease in place that expires May 31, 2025. The building has been impeccably maintained and earned an "excellent" condition rating from their Lender. There is even a sprinkler fire system in place which will also help lower your insurance costs. Their is plenty on onsite parking and the "extra" lot also provides exterior access and additional parking for the lower level. if you want a super clean, well located, fully leased investment with solid rental history, then this is an opportunity you will not want to pass up!

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Alaska MLS logo DISCLAIMER: The listing content relating to real estate for sale on this web site comes in part from the IDX Program of Alaska Multiple Listing Service, Inc. (AK MLS). Real estate listings held by brokerage firms other than Alaskan Performance Partners | Jack White Real Estate are marked with either the listing brokerage's logo or the AK MLS logo and information about them includes the name of the listing brokerage. All information is deemed reliable but is not guaranteed and should be independently verified for accuracy. Listing information was last updated on: 2024-07-21T23:38:58.59.

www.alaskanperformance.com/homes/151363946
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1230 Ocean Drive Homer, AK 99603

  • Price: $795,000
  • Status: Active
  • On Site: 46 Days
  • Updated: 107 min ago
  • MLS #: 24-6610
0
Beds
0
Baths
0
½ Baths
0.48
Acres
4,792
SQFT
$166
$/SQFT
1978
Built
Neighborhood:
Homer
Area:
Homer
Property Description
Excellent investment with prime location on road leading to the iconic Homer Spit! Upper floor is fully leased and the Seller will lease back the entire lower floor for a minimum of 6 months. Building is in great condition. Property consists of 2 lots, one lot providing additional parking and access to the lower unit exterior entrance. Their is an interior stairwell to access both floors as well A recent bank desktop appraisal of current market value was $979,345 (See Documents). The Sellers are highly motivated since they have purchased another property on the Homer Spit to be closer to the harbor. The building is currently fully leased and the Sellers, who occupy the lower level, will lease back after closing for a minimum of 6 months or more depending on remodel completion at their new location. The upper floor has a great layout with a common entry and then two large office units off to the left and right. Each leased office space upstairs is approximately 1100 square feet. Cook Inlet Counseling occupies the left side, and they are long term tenants in the building. Their area has a number of office units, private bathroom, kitchen nook and a small conference area. Destination Alaska Adventures is a new Lessee for the right unit. They have a one year lease in place that expires May 31, 2025. The building has been impeccably maintained and earned an "excellent" condition rating from their Lender. There is even a sprinkler fire system in place which will also help lower your insurance costs. Their is plenty on onsite parking and the "extra" lot also provides exterior access and additional parking for the lower level. if you want a super clean, well located, fully leased investment with solid rental history, then this is an opportunity you will not want to pass up!
Exterior Features

Exterior Finish Wood4 Yes Foundation Details Block Roof Asphalt

Interior Features

Flooring Heavy DutyCarpet Heating Natural Gas Yes

Property Features

Building Area Total 4792 Cml Features In City Limits Yes Cml Features On Site Parking Yes Construction Materials Wood Frame - 2x6 Foreclosure Bank Own No Listing Terms Financing Cash Yes Listing Terms Financing Conventional Yes Listing Terms1031 Exchange Yes MLSArea Major 1B - Kenai Peninsula Borough New Construction YN No Property Info Building Status Leased Property Info Construction Status Existing Structure Property Sub Type Single Use View Lake Water Source Public Zoning GC1 - General Commercial

Alaska MLS logo Listing Office Homer Real Estate: 907-235-5294. Copyright 2024 Alaska Multiple Listing Service, Inc. All rights reserved.
Alaska MLS logo DISCLAIMER: The listing content relating to real estate for sale on this web site comes in part from the IDX Program of Alaska Multiple Listing Service, Inc. (AK MLS). Real estate listings held by brokerage firms other than Alaskan Performance Partners | Jack White Real Estate are marked with either the listing brokerage's logo or the AK MLS logo and information about them includes the name of the listing brokerage. All information is deemed reliable but is not guaranteed and should be independently verified for accuracy. Listing information was last updated on: 2024-07-21T23:38:58.59.

 
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Alaskan Performance Partners | Jack White Real Estate
3801 Centerpoint Drive #200
Anchorage AK, 99503