516 Stedman St

This Ideally located office building boasts 5,750 Sq. Ft of rental opportunity. Built in 1988 this 3-story commercial building features individual meters for electric per floor, a unique central staircase carved out of natural rock, 5 off street parking spaces and can be easily converted into residential condos or employee housing. The third floor of this dynamic investment property includes 2 private offices, kitchenette area, 2 private bathrooms & two decks with an outdoor viewing area of Downtown Ketchikan. In 2017 a new roof was put on & lighting fixtures updated. Annual gross rental income for the first two floors is $48,000.00! The existing owner/tenants are willing to continue their lease or move at the buyer’s request.