203 Chitina Avenue

Description

Rare turnkey Valdez opportunity: profitable mixed-use commercial property, with the option of the operating business available as a going concern. ~6,300 sf with an active RadioShack-authorized electronics and firearms store downstairs and a 3BR/2BA owner's residence upstairs (harbor and Chugach views). Zoning permits short-term rental. Real estate plus option for going-concern business. A rare turnkey opportunity in the heart of Valdez, Alaska. 203 Chitina Avenue is a profitable, long-established mixed-use commercial property with an approximately 6,300-square-foot building, a thriving electronics and firearms retail business, and a private 3-bedroom, 2-bath owner's residence on the second floor. The store operates today as an active firearms store and RadioShack location, Valdez's go-to source for consumer electronics. The real estate and building are offered for sale. The operating business is available for additional consideration and includes: vendor relationships, inventory, authorized RadioShack dealer status (assignment subject to brand-owner approval), and a transferable Federal Firearms License (subject to ATF approval). The current owner will provide hands-on training and a structured transition period to ensure continuity for the next owner-operator. Owner's residence on the second floor is approximately 1,940 sf, with 3 bedrooms, 2 baths, and views of Port Valdez harbor and the Chugach Mountains. General Commercial zoning permits use of the second-floor residence as a short-term rental. Two distinct, recession-resistant revenue streams operate under one roof: a full-line consumer electronics store (components, accessories, audio, computing, special-order) and a firearms retail and FFL transfer business serving Valdez and the surrounding Prince William Sound region. The store is a long-standing community fixture with established walk-in traffic, repeat clientele, and strong local recognition built over decades. The business currently runs profitably. As an authorized RadioShack dealer, the store carries full brand recognition, signage, and an established dealer relationship (assignment subject to brand-owner approval). The Federal Firearms License is transferable (subject to ATF approval), and the current owner will train the buyer and provide a transition period of 60-90 days. Inventory, FF&E, POS, security systems, and vendor accounts are included with the business, available for additional consideration. Detailed financial information (revenue, owner's discretionary earnings, and full P&L) is available to qualified buyers upon execution of a non-disclosure agreement. Offering includes: ~Real estate (land and the approximately 6,300 sf building) ~Operating business, available for additional consideration, sold as a going concern ~Authorized RadioShack dealer status, signage, and dealer relationship (assignment subject to brand-owner approval) All FF&E, including fixtures, shelving, safes, POS, and security systems ~Inventory at close (handling at value, at cost, or lump sum, discussed during diligence) ~Vendor and distributor relationships ~Transferable Federal Firearms License (subject to ATF approval) ~Owner-provided training and transition period of 60-90 days