New Reduced Sale Price (Cap Rate of 9.5% w/ only three quarters for 2013, should go over 10% by the end of this year)First Class Lodge/Inn in Sitka, Alaska - 12,000sf main building built in 2006, 3 stories w/ elevator, includes 9 rooms (2 beds each) w/ full baths, one is an efficiency(4 beds),4 apartments w/ one bedroom each w decks w/waterfront views,40 seat restaurant & Bar w/ full liquor license, open deck, Floating dock w/ 3,500 sf floating office bldg built in 1981, with 2 ea upstairs apartments, dock sys w/ plane/boat moorage, fuel sales/ air charter business.Location485 Katlian Street, Sitka, Alaska 99835, Located on the water front in Sitka, Alaska in Southeast Alaska.Parcel Size28,245 Sq.Ft. land, 14,577 Sq.Ft. of uplands and 13,688 Sq.Ft. of long term Leased TidelandsLegal AddressBillage Lot 36B, Block 5, & SPC Lot 2.BuildingsFirst Class designed 12,000sf main building built in 2006, 3 stories w/ elevator, includes 9 rooms (2 beds each) w/ full baths, one is an efficiency(4 beds),4 apartments w/ one bedroom each w decks w/waterfront views,40 seat restaurant & Bar w/ full liquor license, open deck. Floating dock w/ 3,500 sf floating office bldg built in 1981, with 2 ea upstairs apartments, dock sys w/ plane/boat moorage, fuel sales/ air charter business.Taxes2012 real estate tax - $8,040UtilitiesCity electric, city sewer & water, phone & cable TV, wireless internetDetailsHarbor views on this City Water Front property has an established businesses - Bed & Breakfast, Restaurant, Bar, Apartment rentals, Air Charter, Fuel Sales, Plane/Boat moorage.Preview a video walking tour of this facility at http://www.flyinfishinn.com/Sale PriceReduced to $3,200,000 Cash or new finance (FF&E included) With this reduced sale price this property has a 9.5% cap rate.
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