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Auction #457-1

Popular Restaurant & Bar Includes ±7,000 SF Building and 1.53 AC

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  • Auction #
    457-1
  • Interior Space:
    ± 7,049 SF
  • Lot Size:
    ±1.53 acres
  • Transaction Fee:
    5%
  • Broker
    Co-op:
    2.5%

Popular Restaurant & Bar Includes ±7,000 SF Building and 1.53 AC

Hospitality/Retail Property For Sale in Fairbanks, AK

1243 Old Steese Hwy, Fairbanks, AK 99701

The Future of Real Estate (FRE) and Powered by Lymburner Realty are pleased to present the Online Auction Plus® Event (allows for contingencies) for a ±7,000 SF Popular Restaurant & Bar includes Real Estate. 

Real Estate Highlights:
• 7,049 SF building sitting on 1.53 AC. 
• Stand-alone structure with ample parking.
• Recently fully renovated to its current spotless condition. 
• Located in a busy business hub.
• Traffic Count on Old Steese Hwy: Approximately ~1,700 VPD
• Visible from the main Interstate 2 Hwy boasting ~11,200 vehicles per day

Business Highlights: 
• 18.9% CAP rate at minimum bid.
• For 10 years The Banks Alehouse has been renowned and beloved throughout Fairbanks.
• Custom built with décor to appeal to the unique culture of Fairbanks, Alaska.
• Seating consists of 127 indoors, 95 in bar area, and 52-60 on the patio.
• Full-service dining area & full bar containing 40 beers on tap.
• Rated as one of the best sports bars in Fairbanks with an array of TV's to choose from.
• Menu consists of American cuisine enhanced with regional specialties.
• Furniture, fixtures, equipment and food & beverage inventory included.
• Turnkey opportunity to own a thriving business.

Liquor License Highlights: 
• Rare beverage dispensary liquor license available that permits the sale of beer, wine, and spirits.

Location Highlights: 
• Fairbanks is the largest city in the interior region of Alaska and the second largest in the state.
• Ranked in the top 100 growing cities in the United States.
• Conveniently located in East Fairbanks across from Fred Meyer.
• Within walking distance to Walmart, Home Depot, Global Credit Union, Lowes, AT&T, Barnes & Noble, Sportsman's Warehouse and more. 
• Subject property is 13 minutes away from the Fairbanks International Airport. 
• Only 3 minutes from Fort Wainwright's Trainor Gate location which has a population of ±24,000 residents.
• A 15 minute drive from North Pole and a 25 minute drive from Eielson Airforce Base. 


fairbanks demographics

Downloadable Documents

Property Information

Auction Information

Vault

Property Viewing

If you would like to visit this property or any other property in this auction event, you are required to execute and electronically submit a Temporary Access Agreement.

If you visit this property or any other property without first executing a Temporary Access Agreement, you will be trespassing. Please don’t trespass on any properties.

Start Temporary Access Agreement

Financing

My Lending Genie

This is an Auction Plus event in which a financing contingency is permitted. On the bid form you will be asked to include financing details.

If you would like to be contacted by the Preferred Lender, please complete the form below to submit your contact information directly to their representative handling this Auction who will respond in a timely manner.

For further details about Financing, please read the Terms and Conditions of Sale located in the Documents section or contact the FRE.com Support Team.

You are under no obligation to prequalify with My Lending Genie .

Equal Housing Lender All loans subject to credit approval, verification and collateral evaluation. Initial decision is subject to you meeting specific underwriting requirements and final approval will be based upon your satisfying those requirements. Products not available in all states.


Click Here For Financing

Broker of Record for this property: Powered by Lymburner Realty, AK RECS18504

All information contained on this website or otherwise communicated, is from sources deemed reliable, but has not been verified for accuracy or completeness, or suitability for any particular purpose. It is presented "as is," and is not warranted or guaranteed by the Seller or its agents including but not limited to the Listing Broker, LFC Communications, Inc. and LFC Marketing Services, Inc. Buyers shall rely entirely on their own judgment, research and inspection of the asset, and are encouraged to independently verify information and to consult with appropriate legal, financial and other advisors and real estate specialists.

Contingencies may be included with your bid

BID DEADLINE:   Dec 14 5:00 pm AKST
Minimum Bid: US $1,499,000
Suggested Value:US $4,800,000
Required bid deposit: US $1,000
Auction Plus bids are sealed (not displayed).
Kurt Milch Auction Specialist The Future of Real Estate (FRE) (949) 706-6112 kmilch@fre.com
Franklin Lewis Auction Specialist The Future of Real Estate (FRE) (949) 706-6119 flewis@fre.com
Jerry Lymburner Property Representative Powered by Lymburner Realty (907) 347-4433 jerry@pblrealty.com
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Bid Deadline: Dec 14 5:00 pm AKST
Popular Restaurant & Bar Includes ±7,000 SF Building and 1.53 AC
Hospitality/Retail Property For Sale in Fairbanks, AK
1243 Old Steese Hwy
Fairbanks, AK 99701
Auction # 457-1

Contingencies may be included with your bid

Bid Deadline:
Dec 14 5:00 pm AKST
Minimum Bid
US $1,499,000
Suggested Value
US $4,800,000
Required bid deposit
US $1,000
Auction Plus bids are sealed (not displayed).
Property Details
  • Fairbanks North Star County
    Fairbanks, AK
  • Property Type: Commercial Property
  • Interior Space: ± 7,049 SF
  • Lot Size: ±1.53 acres
  • Transaction Fee: 5%
  • Broker Co-op: 2.50%

The Future of Real Estate (FRE) and Powered by Lymburner Realty are pleased to present the Online Auction Plus® Event (allows for contingencies) for a ±7,000 SF Popular Restaurant & Bar includes Real Estate. 

Real Estate Highlights:
• 7,049 SF building sitting on 1.53 AC. 
• Stand-alone structure with ample parking.
• Recently fully renovated to its current spotless condition. 
• Located in a busy business hub.
• Traffic Count on Old Steese Hwy: Approximately ~1,700 VPD
• Visible from the main Interstate 2 Hwy boasting ~11,200 vehicles per day

Business Highlights: 
• 18.9% CAP rate at minimum bid.
• For 10 years The Banks Alehouse has been renowned and beloved throughout Fairbanks.
• Custom built with décor to appeal to the unique culture of Fairbanks, Alaska.
• Seating consists of 127 indoors, 95 in bar area, and 52-60 on the patio.
• Full-service dining area & full bar containing 40 beers on tap.
• Rated as one of the best sports bars in Fairbanks with an array of TV's to choose from.
• Menu consists of American cuisine enhanced with regional specialties.
• Furniture, fixtures, equipment and food & beverage inventory included.
• Turnkey opportunity to own a thriving business.

Liquor License Highlights: 
• Rare beverage dispensary liquor license available that permits the sale of beer, wine, and spirits.

Location Highlights: 
• Fairbanks is the largest city in the interior region of Alaska and the second largest in the state.
• Ranked in the top 100 growing cities in the United States.
• Conveniently located in East Fairbanks across from Fred Meyer.
• Within walking distance to Walmart, Home Depot, Global Credit Union, Lowes, AT&T, Barnes & Noble, Sportsman's Warehouse and more. 
• Subject property is 13 minutes away from the Fairbanks International Airport. 
• Only 3 minutes from Fort Wainwright's Trainor Gate location which has a population of ±24,000 residents.
• A 15 minute drive from North Pole and a 25 minute drive from Eielson Airforce Base. 


fairbanks demographics
Downloadable Documents
Property Viewing

Property Viewing

If you would like to visit this property or any other property in this auction event, you are required to execute and electronically submit a Temporary Access Agreement.

If you visit this property or any other property without first executing a Temporary Access Agreement, you will be trespassing. Please don’t trespass on any properties.

Start Temporary Access Agreement
Financing

Financing

My Lending Genie

This is an Auction Plus event in which a financing contingency is permitted. On the bid form you will be asked to include financing details.

If you would like to be contacted by the Preferred Lender, please complete the form below to submit your contact information directly to their representative handling this Auction who will respond in a timely manner.

For further details about Financing, please read the Terms and Conditions of Sale located in the Documents section or contact the FRE.com Support Team.

You are under no obligation to prequalify with My Lending Genie .

Equal Housing Lender All loans subject to credit approval, verification and collateral evaluation. Initial decision is subject to you meeting specific underwriting requirements and final approval will be based upon your satisfying those requirements. Products not available in all states.


Click Here For Financing
Contact Us
Kurt Milch Auction Specialist The Future of Real Estate (FRE) (949) 706-6112 E: kmilch@fre.com
Franklin Lewis Auction Specialist The Future of Real Estate (FRE) (949) 706-6119 E: flewis@fre.com
Jerry Lymburner Property Representative Powered by Lymburner Realty (907) 347-4433 E: jerry@pblrealty.com
Broker of Record for this property: Powered by Lymburner Realty, AK RECS18504

All information contained on this website or otherwise communicated, is from sources deemed reliable, but has not been verified for accuracy or completeness, or suitability for any particular purpose. It is presented "as is," and is not warranted or guaranteed by the Seller or its agents including but not limited to the Listing Broker, LFC Communications, Inc. and LFC Marketing Services, Inc. Buyers shall rely entirely on their own judgment, research and inspection of the asset, and are encouraged to independently verify information and to consult with appropriate legal, financial and other advisors and real estate specialists.

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Auction Ended