120 Front Street, Wrangell, AK 99929 (MLS # 25116)
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This is a rare chance to own a fully-leased, income-generating property in the heart of Wrangell's bustling commercial district. Located on Front Street, the most sought-after location in town, this property combines a high-performing business tenant with strong residential rental demand, offering stable and diversified cash flow. Home to a highly successful burger restaurant with a proven track record and significant local and tourist traffic. The restaurant is a staple in the community, ensuring consistent rental income. Two well-maintained income-producing apartments. With an ongoing rental housing shortage in Wrangell, these units boast a waiting list, ensuring zero vacancy risk. The entire building is secured under a 3-year NNN (Triple Net Lease) agreement, minimizing owner responsibilities while ensuring steady cash flow. Commercial and residential components mitigate risk by catering to multiple income sources. This property is an ideal candidate for a 1031 tax-deferred exchange, offering both stability and growth potential. Well maintained, the property requires no significant capital improvements, allowing investors to enjoy immediate returns. Opportunities like this are rare. Secure your foothold in Wrangell's thriving real estate market with a property that offers stability, growth, and strong returns. Call today for financial details and to arrange a private tour. Invest with confidence this property is a proven performer in an in-demand market.
| DAYS ON MARKET | 2 | LAST UPDATED | 2/21/2025 |
|---|---|---|---|
| YEAR BUILT | 0 | COMMUNITY | WRANGELL |
| COUNTY | Wrangell City And Borough | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| ADDITIONAL DETAILS | |
| AREA | WRANGELL |
|---|---|
| CONSTRUCTION | Metal Siding |
| LOT | 0 |
| TAXES | 975 |
| WATER | Public |
| ZONING | Commercial |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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