New Listing
7570 E Palmer Wasilla Highway,Palmer, AK 99654
Palmer, AK 99654
Description
Two-building, 10,080 SF flex/shop investment on a fenced 1.08-acre lot with 153 ft of Palmer-Wasilla Hwy frontage and signalized access at N Wagon Rd. Building B (6,080 SF, six bays) is 100% leased to three local tenants. Building A (±4,000 SF) is vacant and ready for an owner-user or tenant. 5.2% in-place / 9.7% stabilized cap rate. New roofs 2023. Full Offering Memorandum available upon request Second entrance off E Buckboard Rd. Building B tenants: a veterinary clinic, a sewer & drain contractor, and a logistics/shop user. Building A is a former fitness center with restrooms, showers and an overhead door. An owner-user can occupy Building A and let Building B rents cover most of the mortgage; investors can re-lease Building A at its former rent to reach the stabilized cap rate. Major upgrades 2023-2026: new roofs on both buildings, siding, insulation, electrical, gutters, paved/striped parking and renovated units. Shop bays incl. 14 ft overhead door. Unzoned, private well and septic. Please do not disturb tenants.
Details
| MLS # | 26-13600 |
|---|---|
| Listing Type | For Sale |
| Style | Commercial |
| Sub-Type | Resale |
| Status | Active |
| Year | 1984 |
| Days On Site | 6 |
| Listing Provided By | Jack White Commercial | Andrew Ingram |
Features
| SQ Feet | 10,080 |
|---|---|
| Story(s) | 1 |
| Zoning | UNZ - Not Zoned-all MSB but Palm |
| Acreage | 1.08 |
Taxes
| Tax Map Number | WA09 |
|---|---|
| Tax Legal Description | Shadow Mountain L2 B3 |
Area Information
| State | AK |
|---|---|
| City | Palmer |
| Zip Code | 99654 |
| Area | 1D Matanuska Susitna Borough |
| Subarea | PA Palmer |
| Listing VS Median (in 99654) | |
Price: $1,628,500 low | high Med: $434,400 sqft: 10,080 low | high Med: 1,508 $ / sqft: $162 low | high Med: $288 On site: 6 low | high Med: 202 | |
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Learn More About This Property
| State | AK |
|---|---|
| City | Palmer |
| Zip Code | 99654 |
| Area | 1D Matanuska Susitna Borough |
| Subarea | PA Palmer |
| Listing VS Median (in 99654) | |
Price: $1,628,500 low | high Med: $434,400 sqft: 10,080 low | high Med: 1,508 $ / sqft: $162 low | high Med: $288 On site: 6 low | high Med: 202 | |