So many possibilities with this property! 1.7 acres of GU-1 zoned property in the heart of Fairbanks’ industrial and commercial area. Both buildings have 2x8 walls with longevity and efficiency in mind. The main building features four offices with two half bathrooms. There is also an attached oversized two car garage and a large 25’x60’ shop/work bay area with two-story high ceilings and a 14’ high overhead door. There are laundry hook ups both upstairs and down. The upstairs apartment is spacious and includes a master suite with a jacuzzi tub, double vanities, a walk-in shower and an attached walk-in closet. There is also an additional bedroom, a full bathroom, a large kitchen with a breakfast bar, and a wraparound covered deck. There is a front lawn, plenty of paved and gravel parking, and fenced areas for secure storage. The detached shop is 6000 sq/ft with multiple oversized shop doors to include a pass-through section making it easy to accommodate large equipment and vehicles. The shop already has two tenants providing income. Let the tenants cover your mortgage payments and build your equity quickly. A savvy buyer will recognize the incredible investment returns. Showings are arranged through the listing office. There is a lot going on here and this property is well suited to so many business and investment ventures. The possibilities are limited only by your imagination. Ask for the prospectus APOD indicating +9% capitalization rate.
|Bathrooms||4 Full Baths|
|Listing Type||For Sale|
|Heating and Cooling||HOT WATER BASEBOARD|
|Lot Size||1.70 acres|
|MLS Area||SOUTH WEST FAIRBANKS|
|Virtual Tour URL||https://www.tourfactory.com/2911247|
Courtesy of Stacy Harvill, Madden Real Estate With Keller Williams Realty