204 W 4th Avenue

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204 W 4th Avenue

Nome, AK 99762
Asking Price
$485K
Asset Type
Mixed-use
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Mixed-use property spanning 7,000 square feet of total space
  • Available for purchase at an asking price of $485,000
  • Located at 204 W 4th Avenue in Nome, Alaska
  • Versatile floor plan allows for various commercial and residential uses
  • Positioned within a central hub for the Western Alaska region

What's Special

Investors seeking a versatile asset in Nome will find this 7,000 square foot mixed-use property positioned at 204 W 4th Avenue. The building provides substantial square footage suitable for a combination of commercial storefronts and residential units, catering to the diverse needs of the local economy. Its strategic location within this regional hub of Western Alaska allows for consistent access to a steady customer base and proximity to essential services. Given the structure of the space, owners can capitalize on revenue diversification through multiple income streams or repurpose the footprint to align with emerging business demands in the Bering Sea region. The property serves as a functional anchor for entrepreneurs or portfolio managers looking to establish a foothold in this unique northern market where demand for adaptable commercial space remains steady.

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NOI
$80,000
Cap Rate
16.49%
DSCR
2.78
Strong
Cash-on-Cash
35.19%
Monthly Payment
$2,399.515
Annual Cash Flow
$51,205.816

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