Business Summary

Parcel Size: 8,306 Sq. Ft. w/ Frontage on Lincoln Street across from the boat harbor.

Legal Address: Bayview Subdivision Lot 1

Building: Two story commercial building – 15,306 sq.ft. of retail / office space, built in 1978, primarily concreted block on exterior walls with the exception of front wall is wood frame. Exterior is primarily painted concrete block and the front is wood shingle and cedar lap siding. The first floor features two large retail areas along with a small office ares. This building has a elevator and broad staircase to the second level. The second level features an atrium roof which allows for good light and ventilation. The upper floor contains five tenant spaces including the Bayview Restaurant and Bar. There are two half baths available for tenants and public use. This building is fully fire sprinklered, has an air conditioner replaced in 2010, replaced the entire torch down asphalt roof and insulation in 2007, re-tiled the entire upper level floor and remodeled both bathrooms in 2009, replaced both boiler heaters and upgraded air return system in 2011,

Taxes: 2013 real estate tax – $7,866, tax ID# 11205000

Utilities: City electric, city sewer & water, phone & cable TV, wireless internet

Details: Key Downtown Sitka location – building name is Bayview Trading Company Bldg, close to the cruise line arrivals, Crescent harbor, Centennial hall in the middle of the central business district. Tenants include The Bayview Restaurant & Bar called the Pub, The Bead Garden, Work & Rugged Gear, Goldsmith Gallery & Greba Artwork. Great opportunity for investor – sale priced with a 11% cap rate.

Sale Price: Reduced Sale Price $1,200,000 (MOTIVATED SELLER)

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