Sold
0.47± Acres
Sold
Matanuska-Susitna Borough, Alaska

Commercial Building Palmer Business Park

ID: 73855
External ID/MLS: --/25-408
Status: Sold
Price: Sold
Acres: 0.47
Type: Commercial
Address: 650 Steel Loop Rd
City, State: Palmer, Alaska
County: Matanuska-Susitna
Zip Code: 99645

Description

Commercial Building 2 separate units City of Palmer Business Park

  • Excellent location in the City of Palmer Commercial Center surrounded by commercial buildings valued at $2mil and up
  • Flexible layout with warehouse, storage, and bathrooms on first floor and office/living/kitchen area on second floor
  • City water and sewer
  • 3-phase
  • Safe and secure area with regular patrols by the City of Palmer
  • Built in 2005 with brand new 50 yr roof shingles installed in 2023
  • Can use entire building for own business, or operate as duplex using one side for own business and renting out the other side
  • BP Zoning allows many uses: Ch. 17.28 Commercial Land Uses | Palmer Municipal Code

Two-story, wood frame, office/warehouse building constructed in 2005. City water and sewer and 3 phase power. The building footprint measures approximately 50' X 70'. The gross building area is approximately 5,000 SF which is divided into 2,660 SF of warehouse space and 2,340 SF of office/support space. The net rentable area is calculated to be 4,850 SF. The building is believed to be constructed with concrete block foundation walls and a 4" poured concrete slab on grade. The roof is barn style with an asphalt shingle cover. The eve height is 12' to 16'. Heat is radiant on the ground level with gas fired baseboard heat on the second level. The building was originally built as two office/warehouse bays and is currently used for malt beverage manufacturing on one side, and taproom/retail on the other side. Each bay measures approximately 35’ X 50’ with about 2,500 SF. Each bay has “L” shaped warehouse space with about 1,330 SF and two 10’ X 12’ drive in overhead doors. The warehouse space has floor drains with 12’ - 16’ ceilings. The ground level office space measures 15’ X 28’ and is demised with an office, (1) two-fixture restroom, and a storage room. The second level office space is above the ground level space. It measures approximately 15’ X 50’. It is designed with an open work area and several offices. There are no restrooms on the second level. The office/support space has sheetrock and painted walls and ceilings. The ceilings are 8’ on the ground level and vaulted on the second level. Lighting is florescent tube or pendant. Floor coverings are a mixture of sheet vinyl plank, tile, and exposed concrete. Windows are double pane in vinyl casements.

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Additional Details

Home Details

Sq Ft: 5000
Beds: 1
Half Baths: 2

Additional Info

Rights: Natural Gas, Water
Fencing: Chain Link
Road Type: Asphalt
Road Frontage: City Street
Vegetation: Cleared
Current Use: Commercial, Industrial, Residential
Possible Use: Commercial, Industrial, Investment, Mixed Use, Office

Financial

Parcel ID: Tax ID: 54422B03L006
Listing Terms: 1031 Exchange, Assumable, Cash, Conventional
Tax ID: 54422B03L006
Taxes (annually): $5,700
Tax Year: 2024
Legal Description:

Palmer Commercial Center L6 B3

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