310 Egan Drive

Description

Versatile and extremely well built retail/office building in the heart of downtown Valdez, all located on a 0.84 acre lot with plenty of paved parking. Concrete block walls on the first floor with 12' ceilings and wood framed walls on the second floor with 11' foot ceilings. There are no interior load bearing walls so entire floor could be one unit or split into any combo of 1250 sf units.Currently ground floor is split into 4 separate units, and upper floor has multiple offices and two apartments. General Commercial zoning is very accommodating for a variety of uses including retail, office, and residential. Ceilings on both floors are tongue & groove wood, and there are very large structural beams throughout. Sprinkler system on both floors. One downstairs unit has a garage/loading door. All other ground floor units have extra wide 4 foot doors in the rear. Four Weil-McLain boilers in tandem located in mechanical room located in below grade partial concrete block basement. All four boilers were replaced in 2003, as told to seller prior to their purchase. One of the boilers was replaced in 2021. Ground Level: Hydronic unit heaters throughout, 14 inch walls are concrete block & furred-in, and concrete floors. Upper Level: Baseboard, 9 inch wood or metal framed walls and carpet. The carpet in the common area and some offices was replaced in 2020. Roof is torch down style. Owner purchased property in 2006 and the owner was told the roof was replaced approximately 5 years prior to their purchase. In 2017 during a wind and rain storm a portion of the roof came up and all damage was immediately repaired. Three of the four sections of the roof were replaced at that time. The 3 bedroom apartment is currently rented for $1500/month and does not have a kitchen, but does have one 3/4 bath. The 1 bedroom apartment had been rented for $1000/month, no kitchen, one 3/4 bath, currently unrented. There is a need for residential living units and zoning will allow residential living space as an accessory use. The current zoning does not specifically specify what proportion of the square footage of the building can be in residential units, so it would be important to discuss this with the zoning office. There may also be monetary incentives offered by the city at this time for conversion to residential space, and that should be discussed with the city. Phone and internet cable to building. 2000 gallon buried fuel tank. Income and expense data will be shared to qualified buyers after signing a non-disclosure agreement provided by listing broker. Contact listing broker for details on owner financing. Property is being sold solely As-Is, Where-Is.