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Click photo(s) to enlarge
Front View of Entrance
View of Front Counter
View of Dog Saloon
View of Room
View of Laudry Room
View of Kitchen
Property Map
Aerial View
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Description
Property Address:
1411 Airport Way, Fairbanks, AK 99701
Legal Description:
Tax Lot 36, Rickert / U.S. Survey Number 849
Type of Property:
193 Room Hotel and Restaurant
Building Size:
77,217 Square Feet
Parking:
Asphalt surfaced parking lot, with an adequate number of spaces.
Parcel Size:
158,254 Square Feet
3.630 Acres
Zoning:
GC—General Commercial
Year Built:
1975
2008 Tax Amount:
$84,382.14
2008 Mill Rate:
17.278
Flood Determination:
Zone X500
FF&E’s and financial information will be provided upon request by a qualified Buyer.
Priced at 3,600,000
(Three Million Six Hundred Thousand Dollars)
Terms are Cash
Property Description:
The hotel has 193 rooms plus 2 suites. The two suites are not being used for hotel patrons. Of the 193 rooms; 80 have two double beds and some have queen beds. There are 32 rooms that have a microwave and mini fridge. All rooms have a television with cable, a phone , and air conditioning. The rooms are approximately 240 square feet
The Front lobby is of log construction and presents and authentic Alaskan atmosphere. The Dog Sled Saloon and Roadhouse is accessed directly from the front lobby and is a restaurant/bar. The restaurant has changed from being a full service restaurant with a large menu to a restaurant with a standard menu. The restaurant is closed for most of the winter due to high operating costs.
The building has wood stained siding, asphalt single roofs, wood casement, thermal pane windows. The building is wood frame construction and is of average quality.
The hotel has one elevator. The hotel offers adequate meeting and banquet facilities. There is a guest laundry room and break rooms with a television and computer with high speed internet access.
Gross Building Area:
*Basement Garage is 1350 square feet
*Daylight Basement is 24,606 square feet
*1st Floor is 28,956 square feet
*2nd Floor is 22,305 square feet
Supply and Demand:
The demand for hotel rooms during the summer month far exceeds the available rooms. In the past six years there has been some recognized growth in the so-called visitor “shoulder season”. These seasons are the months just before and after the busy summer months. Additionally, there have been incremental increases each year by the Japanese visitors during the spring (March/April) to view the Aurora. Also visitors from around the world come to the ice carving festival held in early March, and there are the annual events that typically rotate between Fairbanks, Anchorage, Juneau and the Kenai.
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This package has been prepared for informational purposes to assist a potential purchaser in determining whether they wish to proceed with an in-depth investigation of the property. No representations or warranties, expressed or implied, as to the accuracy or completeness of this package or any of its contents shall be deemed made, and no legal commitment or obligation shall arise by reason of this package or its contents. *Interested parties are expected to review, independently, all documents relating to the property, as to the accuracy and completeness of the information contained herein.
This package is subject to errors, omissions, price change or term, physical condition, expenses of operation (past, present or future income), zoning, covenants & restrictions, survey, access, soils condition, water & septic, fuel tanks, contamination, local/state/federal requirements or other matters affecting the value or use of the property.
It is your responsibility to ascertain the potential for: flooding-rock slides-avalanches-earthquake area, and other natural hazards. It's the buyer's responsibility to verify, locate survey markers or have the corners located by a qualified person. *Due to the nature of our properties the location of our real estate signs may not warrant the location of the property(s). As in any real estate transaction or investment, we further suggest that you seek legal counsel and financial advice. Most land in the State of Alaska is "surface estate only". Government agencies, Native Corporations, etc usually withhold subsurface rights.
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