255 S WILLOW ST Kenai AK 99611-7747

PRICE REDUCED: Now $1,750,000. Was $1,950,000.

For Sale: A very well-built and thoroughly maintained mixed-use property in Kenai, Alaska. This 11,500 +- square foot building sits on .68 acres in the heart of the Kenai/Soldotna metro area.

Having served as a prime location for everything from medical office to warehouse and sales to a family fun center, this asset has tons of potential for a local or regional user-buyer or an investor. Used most recently for an arcade/fun center and owned by the organization that still runs the adjacent cineplex, 255 S. Willow is in a mixed-use area that has multiple benefits. From banking to retail to service businesses to manufacturing, this building is ideally located for a variety of uses and is built to accommodate virtually any commercial activity.

The building was significantly renovated in 2019 when the present owners retrofitted it with a complete new build of the top floor, a walk-in freezer and cooler, lite commercial kitchen space, full insulation, and updated HVAC capabilities. The building exterior was also updated at this time. It also features an HVAC system with approximately 15 tons of capacity. See the units pictured below. In addition, the building has an updated fire suppression system that has regular inspections and maintenance. The building is also amply served with 220 volt power, with multiple breaker panels. This power configuration has provided capacity for the building to operate with a combination of high electrical demand equipment and commercial kitchen fixtures, such as a walk-in refrigerator and freezer. And, the property has a lift for ADA access to the second floor.

>Steel frame construction, with metal siding and roof and roll up doors
>Significantly renovated in 2019 with many system updates
>Ample power and newer large capacity HVAC system
>Fully fire-suppression sprinkled, and wired for IT and alarm system
>Walk-in freezer and cooler, stainless steel sinks, and grease trap
>Zoned Central Mixed Use, which allows for a wide variety of uses
>Ample parking around the building and located near the Kenai Spur Highway, the Kenai airport, and near major shopping, large employment centers, and more.