This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

Ward Cove Marketplace Center 7196/7198/7204 North Tongass Hwy

7,195 SF 100% Leased Retail Building Ketchikan, AK 99901 $3,500,000 ($486/SF) 6.50% Cap Rate

Investment Highlights

  • High Visablitiy
  • 3 Buildings
  • Business booming from both locals & visitors.

Executive Summary

Introducing The Ward Cove Market Center and Marketplace (WCMC)
A retail shopping center and profitable small market/deli & gas station. Located along heavily traveled North Tongass Highway and a two-minute drive to the new Ward Cove cruise ship dock facility, the WCMC has been in operation since the 1960’s, and has earned a highly loyal local customer base. With easy highway access and outstanding visibility, the property features a total of three separate commercial rental spaces plus the market /deli & self-serve gas stop. A new two-story structure was built in 2023 that houses a retail space on the ground floor and two walk-in freezers and a large walk-in cooler room. The second floor of the new building has office/retail flex space and both floors are fully rented. A fully equipped commercial kitchen, with separate freezer storage, serves deli area of the market building. Property uses the same highway turn off as the local U.S Post Office and is adjacent to Revilla Road, which is the exclusive access to Ward Cove and Harriet Hunt Lakes, recreational and campground areas. The WCMC is the last stop for supplies and services for those enjoying the public camping and day use areas.

Attachments

Ward Cove Market

Property Facts

Sale Type
Investment
Property Type
Retail
Building Size
7,195 SF
Year Built
1973
Price
$3,500,000
Price Per SF
$486
Cap Rate
6.50%
NOI
$227,500
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.00
Lot Size
0.17 AC
Zoning
CC

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
31-3310-031000
Land Assessment
$61,300
Improvements Assessment
$352,200
Total Assessment
$413,500
  • Listing ID: 33072503

  • Date on Market: 9/5/2024

  • Last Updated:

  • Address: 7196/7198/7204 North Tongass Hwy, Ketchikan, AK 99901

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}