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255-263 S Franklin St, Juneau, AK 99801 Juneau ( Alaska, US - 99801) Built

$3,300,000 USD
Great Income property in tourist district.

City Center Realty Group

Ludwig Parsamian, Ph.D., Broker, Team Leader, CRS Ludwig Parsamian, Ph.D., Broker, Team Leader, CRS 8182815889 (Office) 8182815889 (Office) 818-281-5889 (Cell) Request More Info

  • Unique investment opportunity located in the heart of Downtown Juneau, AK.
  • Type: Commercial
  • Style: 2 Storey
  • Development Level: Built
  • Suite: Yes
  • Year Built: 1983

Description

Unique investment opportunity located in the heart of Downtown Juneau, AK.
The first floor has approximately 2500 square foot retail jewelry and gift shop. Second and third floor has three units of spacious apartments.
Investment Highlights:
Established clientele
2 million visitors per year in the heart of Downtown
Jewelry: $100,000 annual income
Gift shop: $96,000 annual income
Residential 3 apt. units: $71,400 annual income
Total Income: $267,400.00
Annual total average expenses: $58,400 (Existing, Actual)
$4,000 Insurance (included in total expenses)
$34,000 Property Tax (included in total expenses)
NOI (net operating Income): $209,000
CAP : 6.3% as of now
Buyers to conduct their own investigation. Broker/Agent does not guarantee the accuracy of the square footage, or all other information concerning the conditions or features of the property provided by the seller.

Attachments

P2#260818605
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Information is deemed to be correct but not guaranteed.