Bethel, AK 99559,624 1st AVE
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Bethel, AK 99559,624 1st AVE
Bethel, AK 99559,624 1st AVE
Bethel, AK 99559,624 1st AVE
Bethel, AK 99559,624 1st AVE

$1,500,000

Est. payment /mo

$1,500,000

Est.Price: ?

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624 1st AVE Bethel, AK 99559

10,829 SqFt

SOLD DATE : 06/10/2024

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

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Alaska MLS
Listed by The Kibe Lucas Team Keller Williams Realty Alaska Group
Bought with The Kibe Lucas Team Keller Williams Realty Alaska Group

Jesse Tanner

+1(907) 232-8607

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