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120 Front Street

Wrangell, AK 99929
  • $517,500
  • STATUS: Active
  • ON SITE: 25 Days
  • MLS #: 25-684
UPDATED: 81 min ago
$517,500
  • 0
    BEDS
  • 0.07
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1987

School Ratings & Info

Description

This is a rare chance to own a fully-leased, income-generating property in the heart of Wrangell's bustling commercial district. Located on Front Street, the most sought-after location in town, this property combines a high-performing business tenant with strong residential rental demand, offering stable and diversified cash flow. Home to a highly successful burger restaurant with a proven track record and significant local and tourist traffic. The restaurant is a staple in the community, ensuring consistent rental income. Two well-maintained income-producing apartments. With an ongoing rental housing shortage in Wrangell, these units boast a waiting list, ensuring zero vacancy risk. The entire building is secured under a 3-year NNN (Triple Net Lease) agreement, minimizing owner responsibilities while ensuring steady cash flow. Commercial and residential components mitigate risk by catering to multiple income sources. This property is an ideal candidate for a 1031 tax-deferred exchange, offering both stability and growth potential. Well maintained, the property requires no significant capital improvements, allowing investors to enjoy immediate returns. Opportunities like this are rare. Secure your foothold in Wrangell's thriving real estate market with a property that offers stability, growth, and strong returns. Call today for financial details and to arrange a private tour. Invest with confidencethis property is a proven performer in an in-demand market.

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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 Team Dimmick | Keller Williams Realty Alaska Group 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: 2025-02-17T15:36:43.687.

www.teamdimmick.com/homes/159655651
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120 Front Street Wrangell, AK 99929

  • Price: $517,500
  • Status: Active
  • On Site: 25 Days
  • Updated: 81 min ago
  • MLS #: 25-684
0
Beds
0
Baths
0
½ Baths
0.07
Acres
1987
Built
Neighborhood:
Wrangell Island & Vicinity
Area:
Wrangell Island & Vicinity
Property Description
This is a rare chance to own a fully-leased, income-generating property in the heart of Wrangell's bustling commercial district. Located on Front Street, the most sought-after location in town, this property combines a high-performing business tenant with strong residential rental demand, offering stable and diversified cash flow. Home to a highly successful burger restaurant with a proven track record and significant local and tourist traffic. The restaurant is a staple in the community, ensuring consistent rental income. Two well-maintained income-producing apartments. With an ongoing rental housing shortage in Wrangell, these units boast a waiting list, ensuring zero vacancy risk. The entire building is secured under a 3-year NNN (Triple Net Lease) agreement, minimizing owner responsibilities while ensuring steady cash flow. Commercial and residential components mitigate risk by catering to multiple income sources. This property is an ideal candidate for a 1031 tax-deferred exchange, offering both stability and growth potential. Well maintained, the property requires no significant capital improvements, allowing investors to enjoy immediate returns. Opportunities like this are rare. Secure your foothold in Wrangell's thriving real estate market with a property that offers stability, growth, and strong returns. Call today for financial details and to arrange a private tour. Invest with confidencethis property is a proven performer in an in-demand market.
Exterior Features

Exterior Finish Metal3 Yes Foundation Details Poured ConcretePost on Pad Roof Bitumen/Torch Down

Interior Features

Cml Features Living Quarters Yes Flooring TileCarpet Heating Baseboard Yes Heating Electric Yes

Property Features

Building Area Total 5000 Cml Features In City Limits Yes Construction Materials Wood Frame - 2x6 Foreclosure Bank Own No Listing Terms Financing Cash Yes Listing Terms Financing Conventional Yes MLSArea Major 2G - Wrangell-Petersburg Census Area New Construction YN No Other Structures [] Property Info Building Status Leased Property Info Construction Status Existing Structure Property Sub Type Mixed Use Security Features [] View Mountains Zoning COM - Commercial (Unofficial)

Alaska MLS logo Listing Office Anchor Properties: 907-772-3300. Copyright 2025 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 Team Dimmick | Keller Williams Realty Alaska Group 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: 2025-02-17T15:36:43.687.

 
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