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Listed by Ray Brasier • BRASIER REALTY
$8,750,000
Est. payment /mo
28,204 SqFt
Active
1533 LACEY STREET Fairbanks, AK 99701
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Key Details
Property Type Commercial
Sub Type MULTI-PURPOSE
Listing Status Active
Purchase Type For Sale
Square Footage 28,204 sqft
Price per Sqft $310
MLS Listing ID 159244
Year Built 1974
Lot Size 0.790 Acres
Acres 0.79
Property Sub-Type MULTI-PURPOSE
Property Description
This property started life out originally as a 60 unit summer only hotel with electric heat. Owners went through the property stripping it entirely to the studs. Updating everything from the studs forward, combining 3 units to make two, ending up with 44 units. With the updated windows, remote wall insulating ( 9 inches of insulation on outside wall of building) High efficiently boilers, radiant floor on all 4 levels have all brough the cost to heat this building to only 37 cents per square foot, per year. No, that's not a typo, it actually is only 37 cents per square foot a year to heat! ($10,500/year) Some apartment complexes spend that in a month! Property has an elevator that access four floors, making it ADA compliant. Current configuration is a high-end multiplex. Property would be wells suited for a contracting company needing office space and housing. Gross income is over $713,000/year.
Location
State AK
Area North Fairbanks
Zoning General Commercial District
Direction Airport to South Cushman, Left on 16th Ave, turn left onto Lacey Street, Apartments on the Right.
Interior
Heating HOT WATER BASEBOARD
Exterior
Total Parking Spaces 44