$1,500,000
$1,500,000
For more information regarding the value of a property, please contact us for a free consultation.
624 1st AVE Bethel, AK 99559
10,829 SqFt
Key Details
Sold Price $1,500,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 10,829 sqft
Price per Sqft $138
MLS Listing ID 23-9835
Sold Date 06/10/24
Construction Status Existing Structure
Originating Board Alaska Multiple Listing Service
Lot Size 1.470 Acres
Acres 1.0
Property Description
Bentley's Riverfront Lodge is located on the Kuskokwim River in Bethel Alaska. This is a major thoroughfare of the community. Bentley's has the potential to house 31 guests a night! Rooms rent for $245 a day. There's a major housing need in Bethel. Bentley's turns away over 35 guests a week because as it is already at full capacity with only 11 rooms currently operating it is under utilized. With some minor adjustments and upgrades, added employees and marketing this property could be a true life changing investment full of possibilities and income potential! Bentley's BnB has been a staple for travelers in and out of Bethel Alaska for more than 40 years. Known for its trusted service and clientele, Bentley's has built a solid reputation that keeps repeat guests and visitors booking their next stay. Bentley's attracts business and working class guests along with fishing and hunting parties passing through. This property sits on 3 parcels that make up 1.47 acres on the north bank of the Kuskokwim River. There are four separate buildings for housing guests. The main lodge has potential for 16 rooms plus an owner/manager apartment it is the largest structure on site and is where the owner operator lives and greets guests now. Currently guests do not stay in the main lodge and has the most income potential. The riverfront lodge which has 4 rooms currently not being utilized and is in need of some updating. The studio which can host 1 guest or couple is operating as an overflow in case of over bookings or emergency guest bookings. The waterfront lodge hosts 10 rooms and is operating at full capacity nearly everyday. The waterfront lodge is the newest building on site and is turn key ready for guests. Extra income available with over 7500 square feet of warehouse space and quonset hut. The warehouse is currently rented monthly for $945 a month. Bentley's would be a great investment that's profitable right away while you work on increasing it's potential. South facing it provides plenty of that much needed sunlight. Bethel is a focal point of rural Alaska, come be a part of this great town connecting people, nature and interior Alaska. Be sure to check out the photos and the comments posted on the pictures to get a better understanding of this incredible opportunity.
Location
State AK
Area 875 - Bethel Census Area - All
Zoning COM - Commercial
Direction Located on the corner of 1st Avenue and Main Street in Bethel along the north bank of the Kuskokwin River. Access Bethel via boat or plane.
Interior
Heating Electric, Kerosene, Oil
Flooring Carpet
Exterior
Water Access Desc Holding Tank
View River
Roof Type Metal
Accessibility , Gravel, Maintained
Building
Lot Size Range 1.0
Water Holding Tank
New Construction No
Construction Status Existing Structure
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Read Less
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Copyright 2024 Alaska Multiple Listing Service, Inc. All rights reserved
Bought with The Kibe Lucas Team Keller Williams Realty Alaska Group