For Sale Minimum bid: $2,800,000
Property Type Restaurant
Property Size 7,049 SF
Lot Size 1.53 Acre
Cap Rate % 8.2
Zoning GU-1: Commercial
Date Updated Jan 8, 2024
Visibility/Traffic Count (VPD) 12,900
Website fre.com

This property is listed for sale via online auction. For more information and to review the due diligence section visit https://fre.com/457D21

The Future of Real Estate (FRE) and Powered by Lymburner Realty are pleased to present the Online Auction Plus® Event (allows for contingencies) for a ±7,000 SF Popular Restaurant & Bar includes Real Estate.

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Highlights

Subject property is 13 minutes away from the Fairbanks International Airport.
Fairbanks is the largest city in the interior region of Alaska and the second largest in the state.
Ranked in the top 100 growing cities in the United States.
Conveniently located in East Fairbanks across from Fred Meyer.
Within walking distance to Walmart, Home Depot, Global Credit Union, Lowes, AT&T, Barnes & Noble, Sportsman's Warehouse and more.
Only 3 minutes from Fort Wainwright's Trainor Gate location which has a population of ±24,000 residents.
A 15 minute drive from North Pole and a 25 minute drive from Eielson Airforce Base.
8.2% CAP rate at minimum bid.
Turnkey opportunity to own a thriving business.
Rare beverage dispensary liquor license available that permits the sale of beer, wine, and spirits.
Furniture, fixtures, equipment and food & beverage inventory included.
±7,000 SF stand-alone structure on 1.53 AC with ample parking.
Recently fully renovated to its current spotless condition.
Located in a busy business hub with a traffic count of approx. 1,700 VPD.
Visible from the main Interstate 2 Hwy boasting ~11,200 vehicles per day.