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Kenai Alaska Flex/Multi-Purpose Building 255 S Willow St 11,500 SF Retail Building Kenai, AK 99611 $2,720,640 CAD ($236.58 CAD/SF)

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INVESTMENT HIGHLIGHTS

  • Steel frame construction, with metal siding and roof and roll up doors
  • Ample power and newer large capacity HVAC system
  • Walk-in freezer and cooler, stainless steel sinks, and grease trap
  • Significantly renovated in 2019 with many system updates
  • Fully fire-suppression sprinkled, and wired for IT and alarm system
  • Ample parking around the building and located near the Kenai Spur Highway, the Kenai airport, and near major shopping, large employment centers, etc.

EXECUTIVE SUMMARY

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.

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
11,500 SF
Building Class
C
Year Built
1968
Price
$2,720,640 CAD
Price Per SF
$236.58 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
0.39
Lot Size
0.67 AC
Zoning
Central Mixed Use - The CMU Zone is established to provide a centrally located area in the City for general retail shopping, personal and professional services, and more.
Frontage
205’ on S Willow St

NEARBY MAJOR RETAILERS

Country Foods IGA
KeyBank
Wells Fargo Home Mortgage
First National Bank Alaska
Carrs
Safeway
Starbucks

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
043-200-07
Land Assessment
$161,285 CAD
Improvements Assessment
$886,371 CAD
Total Assessment
$1,047,656 CAD
  • Listing ID: 38280657

  • Date on Market: 2025-10-31

  • Last Updated:

  • Address: 255 S Willow St, Kenai, AK 99611

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