Improved Mixed-Use Land for Sale in Fairbanks, Alaska

Excellent opportunity to acquire a fully leased 10,000-square-foot commercial shop building consisting of six individual shop bays in a well-established Fairbanks industrial location. The property features five 1,500-square-foot units and one 2,500-square-foot unit, offering a flexible mix of commercial space well suited for contractors, warehouse, light industrial, and service-related businesses. The property is currently 100% occupied, with one long-term tenant leasing three of the six units, providing stable occupancy and a diversified tenant base. Current lease rates average approximately $1.23 per square foot per month, offering future upside potential as leases renew. The current lease structure includes landlord-paid heat, water, and sewer, creating opportunities for future ownership to enhance operating performance through continued rent growth and potential utility cost recovery. Historical financial statements, current rent roll, and operating expense history are available to qualified purchasers. Whether you're expanding your investment portfolio or completing a 1031 exchange, 3490 Koba Street offers a well-maintained commercial asset with stable occupancy, in-place cash flow, and meaningful long-term income growth potential.