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$3,000,000
160 Days On Site

1415 N Local 302 Road
Palmer, AK 99645

For Sale|Mixed Use|Active
0
Beds
0
Full Baths
0
Partial Baths
15,544
SqFt
$193
/SqFt
1989
Built
County:
Listing courtesy of Janice Lobaugh of Berkshire Hathaway HomeServices Alaska Realty

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1415 N Local 302 Road1415 N Local 302 Road1415 N Local 302 Road1415 N Local 302 Road
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Dream opportunity for large centrally located commercial buildings with many partially developed acres for expansion. With over 15,344 feet of shop/office/living space, located less than 1 mile west from downtown Palmer. (see more/addendums) This parcel currently 40 acres, will be subidividing to 6-7 acres to be included in this sale. Just South of the Palmer Wasilla Highway and outside of Palmer City limits. The parcel itself is mostly level with 2 elevated areas providing excess gravel which could be extracted and sold. Previously this versatile property was used for helicopter maintenance, aviation business, heavy equipment repair and training center, lay down yard, storage, gravel extraction and is presently being used as a custom industrial machine shop with high end motor repair facility. This parcel has been improved to include: The Main Building - Built in 1989, 11,000 sq. ft. 2 story steel framed, hangar, office, breakroom and 2.25 baths. The hangar/shop area is approximately 5,200 sq. ft., 2 overhead doors and 6-ton bridge crane/hoist. 50'x18' Schweiss bifold hangar door was added in 2014-2015 The concrete addition was built in 2014-2015, extended off the main structure and open access from the main shop. 2,200 sq. ft on two levels The office/living areas are approximately 3,600 sq. ft., on two levels. Consisting of a beautiful, 1 bedroom apartment, modern and fully functional completely remodeled upper floor including full kitchen, washer and dryer hookups, etc,. Upgrades include deck off upper level with commanding view of Pioneer Peak, 2 interior staircases, breakroom, professional, quiet and well laid out office area with 1D2 bath with lots of natural light. This property is serviced by natural gas (Enstar), electric (MEA) and telephone (MTA). Approximately 4+ acres is chain link fenced in with two access gates. One gate is powered and operated by remote, the other is a manual gate. This fence was installed approximately 5 years ago. The North side of the parcel is encumbered by a 50' access easement on the adjacent parcel, East side, 15' MEA easement inside property line, South side 40' MEA Easement inside property line, West side 50' access easement that runs approximately 550' of the property line and 15' MEA Easement located inside the property line. There is an additional 502 X 402 private access easement extending further south of the public access easement off Local 302 Road. (See attached As Built) Hemmer road project will be purchasing a 30x100 easement on the east and southern borders . This will give the new owners subdividable land with easy access to Palmer/Wasilla Highway. See additional information under documents. Local 302 Road consists of larger parcels to include commercial applications and vacant land. The buildings have metal roofs. The siding is mainly metal and concrete block, the enclosed exterior metal staircase has been completed and Enstar relocated the gas meter to an outside wall. The Second Building - Built in 1980, steel skinned 3,200 sq. ft. shop/warehouse with a 24' X 56' recent addition (1,344 sq. ft.), for a total of 4,544 sq. ft. Approximately 800 sq. ft. of office area, 800 sq. ft. mezzanine storage area. Approximately 3,944 sq. ft. of shop/warehouse space with 2 bathrooms and is well laid out for any type of shop work There is extensive paved/concrete and gravel parking near the buildings. There is a 70' X 80' concrete pad installed, ready for further building expansion. Local 302 Road is gravel to the main building's concrete pad. Buildings are serviced by separate efficient natural gas forced air heating units. The larger Shop/ warehouse is heated with 2-3 Reznor Modine shop heaters, shop extension, forced air furnace, lower and upper office area. Shop/Warehouse - 3 Reznor Modine shop heaters, forced air furnace on mezzanine to heat office space with 2 well pressure tanks installed. External hot water heaters. Both the Shop/Warehouses are serviced by the same well and septic. The well is 60' deep, 4 gallons per minute, drilled 6/22/89 and retested 9/14/12. Well log attached for your review. Septic installed in 9/89, 1500-gallon tank with a seepage bed. Septic Installation documents, attached for your review. Since ownership, the tenant has updated the electric additional outlets, ran additional electrical lines and added additional phase 3 power outlets for machinery. Tenant has lease good until October 2024 and options for two 5 year extensions for investors. PLEASE do not drive onto the property, outside of an appointment!

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Listing Snapshot
Price 
$3,000,000
Days On Site 
160 Days
Bedrooms 
N/A
Inside Area (SqFt) 
15,544 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
6 Acres
Year Built 
1989
MLS® Number 
24-8143
Status 
Active
Property Tax 
$6,387
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
3 weeks agoListing updated with changes from the MLS®
3 weeks agoStatus changed to Active
5 months agoListing first seen on site
General Features
Acres 
6
Number Of Stories 
2
Parking Spaces 
30
Property Sub Type 
Mixed Use
SqFt Total 
15544
Zoning 
UNZ - Not Zoned-all MSB
Interior Features
Flooring 
Carpet
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Exterior Features
Construction Details 
Other
Other Structures 
Airplane Hangar
Roof 
Metal
View 
Mountain(s)
Waterview 
Mountain(s)
Community Features
MLS Area 
1D - Matanuska Susitna Borough

The listing content relating to real estate for sale on this website comes in part from the IDX Program of Alaska Multiple Listing Service, Inc. (AK MLS). Real estate listings held by brokerage firms other than eXp Realty, Inc. are marked with either the listing brokerage's logo or the AK MLS logo, and information about them includes the name of the listing brokerage. All information is deemed reliable but is not guaranteed and should be independently verified for accuracy. Listing Information is updated daily. Copyright 2024 Alaska Multiple Listing Service, Inc. All Rights Reserved. Data Services Provided by Showcase IDX.

Neighborhood & Commute
Source: Walkscore
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